Bond Calculator
Enter the bond basics and see the yields it offers.
Bond Details
$
%
yrs
$
Current Yield
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Annual Coupon Payment
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Approximate Yield to Maturity
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Total Coupon Payments
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Reading bond yields
A bond bought below face value (a discount) earns extra return at maturity, so its YTM is higher than its coupon rate. A bond bought above face value (a premium) loses money at maturity, lowering the YTM. Current yield only reflects income, not the price change.
Bond Calculator FAQ
Is YTM the same as the bond's interest rate?▶
No. The coupon rate is the interest paid on the face value. YTM is the total annualized return including price changes, so it is the better comparison between bonds.
Why does the price of my bond change?▶
Bond prices move inversely to market interest rates. When rates rise, existing bonds with lower coupons fall in price; when rates fall, they rise.