Bond Calculator
Calculate bond yields including yield to maturity (YTM) and current yield. Analyze bond investments and compare returns.
Inputs
$
%
years
$
Results
Yield to Maturity (YTM)
5.662%
Current Yield5.26%
Annual Coupon Payment$50
Total Return (if held)$550
Capital Gain/Loss$50
Annualized Return4.67%
Yield to Maturity (YTM)
5.662%
How to Use This Calculator
- Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
- Face Value (Par Value) — The bond's maturity value (typically $1,000). Accepts values from $100 to $1,000,000 (default: $1,000).
- Coupon Rate — Annual interest rate stated on the bond. Accepts values from 0 % to 20 % (default: 5 %).
- Years to Maturity — Time until the bond matures. Accepts values from 0.5 years to 40 years (default: 10 years).
- Current Market Price — Current trading price of the bond. Accepts values from $100 to $2,000,000 (default: $950).
- Expand "Advanced Options" for additional fine-tuning. These optional inputs let you model more specific scenarios:
- Payment Frequency — How often coupon payments are made. Choose from: Annually, Semi-Annually, Quarterly, Monthly. default: 2.
- Once all inputs are set, review your results in the Results panel. Here's what each output means:
- Yield to Maturity (YTM) — The total return if held until maturity. This is the primary result of this calculator.
- Current Yield — Annual coupon divided by current price.
- Annual Coupon Payment — shown as a dollar amount.
- Total Return (if held) — Total income plus capital gain/loss.
- Capital Gain/Loss — Difference between face value and purchase price.
- Annualized Return — shown as a numeric value.
- Scroll down to explore 2 charts (Annual Cash Flows, Price Sensitivity to Rate Changes) for a visual breakdown of the data.
- Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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Formula
YTM: Price = Σ(C/(1+r)^t) + FV/(1+r)^nRelated Calculators
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