Bond Yield to Maturity Calculator

YTM · current yield · coupon cash flows
Enter the bond’s clean price. This simplified model assumes the next coupon period is full and does not add accrued interest, taxes, credit risk or reinvestment uncertainty.

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Current yield vs yield to maturity

Current yield is annual coupon income divided by the current price. Yield to maturity additionally reflects the gain or loss between today’s price and face value, spread across all remaining cash flows. The YTM is solved from the present value of every coupon and the final principal repayment.

Important: YTM assumes you hold to maturity and reinvest coupons at the same rate. It is not a promised return and does not capture default, interest-rate, liquidity, tax or call risk.

Frequently asked questions