Work out what a bond really yields at the price you pay, not just its coupon.
How to read the results
Current yield is coupon over price; yield to maturity uses the standard approximation.
Bond yield calculator
Work out what a bond really yields at the price you pay, not just its coupon.
Built and reviewed by Dovanic, Founder and editor, FreeByteLast reviewed: 2026-08-18
$
$
4.5%
8 yr
Yield to maturity
5.41%
Current yield
4.79%
- Coupon per year
- $45
- Discount or premium
- $60
- Total coupons to maturity
- $360
Yield to maturity uses the standard approximation, not an exact internal rate of return.
Methodology
Current yield is coupon over price; yield to maturity uses the standard approximation.
- · Approximate YTM, not an exact IRR
- · No default or call risk
Estimates only. Nothing here is financial advice. Spotted something wrong? Tell us and it gets fixed.