What is Bond Yield?
Obligationsavkastning mäter den avkastning en investerare erhåller. Det finns olika typer beroende på beräkningsmetod.
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.