Adjusted current yield
Description
The current yield, interest yield, income yield, flat yield, market yield, mark to market yield or running yield is a financial term used in reference to bonds and other fixed-interest securities such as gilts. It is the ratio of the annual interest payment and the bond’s current clean price. The adjusted current yield is a financial term used in reference to bonds and other fixed-interest securities. It is closely related to the concept of current yield.
Related formulasVariables
ACY | Adjusted current yield (dimensionless) |
ACP | Annual coupon payments (dimensionless) |
P | Clean price (dimensionless) |
YM | Years to maturity (dimensionless) |