Definition
A bond's annual coupon divided by its current market price.
Why it’s relevant today
Price swings can make current yield differ sharply from coupon rate.
Why it matters
It measures present income but omits maturity gain or loss.
A bond's annual coupon divided by its current market price.
Price swings can make current yield differ sharply from coupon rate.
It measures present income but omits maturity gain or loss.
Discussion
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