What is Yield to Maturity From wiki: "The Yield to maturity (YTM) or redemption yield of a bond or other fixed-interest security, such as gilts, is the internal rate of return (IRR, overall interest rate) earned by an investor who buys the bond today at the market price, assuming that the bond will be held until maturity, and that all coupon and principal payments will be made on schedule.“ In simple word, Yield to Maturity is a discount rate that equals future cash flow to current present Read more [...]