Yield to Maturity (YTM) Calculator

Our yield to maturity (YTM) calculator measures the annual return an investor would receive if a particular bond is held until maturity.

To calculate a bond's yield to maturity, enter the face value (also known as "par value"), the coupon rate, the number of years to maturity, the frequency of payments and the current price of the bond.

For example, if you can buy a bond with a $1,000 face value and 8% coupon for $900, and the bond pays interest twice a year and matures in 5 years, enter "1,000" as the Face Value, "8" as the Annual Coupon Rate, "5" as the Years to Maturity, "2" as the Coupon Payments per Year, and "900" as the Current Bond Price.

To learn more about yield to maturity or any of the above terms, click on them. That'll take you to our Financial Dictionary, where we'll show you what each term means and exactly why it matters.

Calculate yield to maturity to measure a bond’s return if you were to buy it today and hold it until it matures.

 

Face Value:
Annual Coupon Rate:
Years to Maturity:
Coupon Payments per Year:
Current Bond Price:
 
= Yield to Maturity (YTM)
This yield to maturity calculator assumes that the bond is not called prior to maturity. If the bond you're analyzing is callable, use our Yield to Call (YTC) calculator to determine the bond’s value.