Yield to maturity (YTM)
A total return measure for bonds which takes account of both capital gain (or loss) and income earned. YTM is calculated using purchase price (not face value) and assumes the instrument is then held to maturity.
A total return measure for bonds which takes account of both capital gain (or loss) and income earned. YTM is calculated using purchase price (not face value) and assumes the instrument is then held to maturity.