Bond Yield Calculator
Estimate current yield and approximate yield to maturity for a bond.
- Last reviewed
- July 8, 2026
- Cost
- Free to use
- Data
- Runs in your browser
Annual Coupon Payment
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Current Yield
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Approximate Yield to Maturity
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Methodology
How this calculator handles inputs
This calculator uses the values you enter above and applies the formula explained in the guide below. Results update in the browser and are intended for quick planning, comparison, and sanity-checking.
- Use consistent periods, currencies, and units across inputs.
- Review any assumptions before using the result in a decision.
- Recalculate when rates, prices, tax rules, or business terms change.
Important note
This tool provides general planning information only. It is not tax, legal, financial, accounting, or investment advice. Check the current rules for your location and speak with a qualified professional before making a high-stakes decision.
Guide
How it works
Use this calculator to estimate current yield and approximate yield to maturity for a bond.
What this calculator does
The bond yield calculator uses face value, coupon rate, market price, and years to maturity.
Bond Yield Formula
Current Yield = Annual Coupon / Current Price
Approximate YTM = (Coupon + (Face Value - Price) / Years) / ((Face Value + Price) / 2)
Example calculation
For a 1,000 face value bond with a 5% coupon trading at 950, the calculator estimates current yield and approximate yield to maturity.
When to use this calculator
- comparing bonds
- estimating income yield
- reviewing premium or discount bonds
- evaluating maturity scenarios
FAQs
Is this exact yield to maturity?
No. It is an approximation.
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