Yield to Maturity Calculator
Bond yield to maturity given price, coupon and term.
NZ$
%
NZ$
Yield to maturity
5.6617%
About this calculator
YTM is the single discount rate that makes the present value of all future bond cash flows equal the current price.
- Assumes coupons are reinvested at YTM.
- NZ government bonds typically pay semi-annual coupons.
Frequently asked questions
YTM vs coupon rate?
Coupon is fixed at issue. YTM moves with market price — bonds at a premium have YTM below coupon, and vice versa.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.