™For a $1,000 bond, even a small change connected to yield to maturity can affect income, market value or sensitivity to rates.
Bonds & Rates
Yield to maturity
The annualized return implied by holding a bond to maturity under stated assumptions, including reinvestment and no default.
Plain-English context
Why it matters
Fixed-income terms connect promised cash flows with interest-rate, credit and purchasing-power risk.
Assuming Yield to maturity has one universal interpretation without checking the source, rules, timeframe or methodology.
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