™The word yield can refer to current income, yield to maturity or a distribution measure. A 5% quote needs its methodology before it can be compared.
Bonds & Rates
Yield
Income from an investment expressed relative to its price or value under a stated calculation.
Plain-English context
Put the definition to work.
Current, maturity, distribution and yield-to-worst measures are different; a yield quote requires its method and payment assumptions.
Further reading and verification. Examples are hypothetical, not current quotes or recommendations. Product terms, tax treatment and market rules can change. Federal Reserve — Yield-curve models