Current Yield Bond Calculator
Enter a bond's face value, coupon rate, and market price to instantly calculate its current yield and see how it compares to the coupon rate.
Bond Details
$
Typically $1,000 for corporate and government bonds.
%
The fixed rate printed on the bond certificate.
$
What you would pay to buy this bond today.
Current Yield
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%
Breakdown
- Face Value
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- Annual Coupon Payment
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- Market Price
- —
- Coupon Rate
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- Current Yield
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Yield vs Coupon Rate
Coupon Rate
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Current Yield
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Summary
Enter a bond's face value, coupon rate, and market price to instantly calculate its current yield and see how it compares to the coupon rate.
How it works
- Enter the bond's face (par) value — typically $1,000.
- Enter the annual coupon rate as a percentage (e.g., 5 for 5%).
- Enter the bond's current market price.
- The calculator divides the annual coupon payment by the market price to produce the current yield.
- A comparison bar shows how current yield relates to the coupon rate.
- See instantly whether the bond trades at a premium, discount, or par.
Use cases
- Evaluate income return on a bond you are considering purchasing.
- Compare current yields across multiple bonds with different market prices.
- Understand why a bond trading below par has a current yield above its coupon rate.
- Screen bonds for income-focused portfolios.
- Explain to clients how market price changes affect effective yield.
- Quickly check if a bond's income stream justifies its premium price.
Frequently Asked Questions
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Last updated: 2026-05-23 ·
Reviewed by Nham Vu