What is Bond Yield?

बॉन्ड यील्ड निवेशक को मिलने वाला रिटर्न मापती है। गणना पद्धति के अनुसार विभिन्न प्रकार हैं।

Types

1. Current Yield

Yield = Annual Coupon ÷ Market Price × 100

Example: €50 coupon, €950 price: Yield = 50 ÷ 950 × 100 = 5.26%

2. Yield to Maturity (YTM)

YTM ≈ [Coupon + (Face − Price) ÷ Years] ÷ [(Face + Price) ÷ 2]

Example: Coupon €50, Face €1000, Price €950, 5 yrs: YTM ≈ 60 ÷ 975 = 6.15%

Price-Yield Relationship

  • Price up → yield down
  • Price down → yield up

Warning

Consult a financial advisor before investing.