Bond Yield Calculator
Calculate bond yield to maturity (YTM) and current yield. Analyze bond investments and compare fixed-income returns.
Bond yields help investors understand the return on fixed-income investments. This calculator computes current yield and approximates yield to maturity based on the bond's price, coupon, and time to maturity.
Calculator
Common use cases
- Bond investment analysis
- Fixed-income portfolio management
- Comparing bonds
- Yield curve analysis
How to use
- Enter the bond's face value (usually $1,000)
- Input the current market price
- Enter the annual coupon rate
- Specify years until maturity
- View current yield and YTM
FAQ
What's the difference between current yield and YTM?
Current yield only considers coupon income vs price. YTM also accounts for capital gain/loss if held to maturity.
Why does bond price move opposite to yield?
When interest rates rise, new bonds offer higher coupons, making existing lower-coupon bonds less valuable.
What is a bond premium vs discount?
Premium: price > face value (coupon > market rates). Discount: price < face value (coupon < market rates).
This calculator provides illustrative estimates for planning purposes only and does not constitute financial, tax, or legal advice.