Yield to maturity measures a bond's expected returns if held to maturity. Unlike dividend yields, yield to maturities are forwards-looking, and take into consideration both income and capital gains.

Yield to maturity (YTM) is the annual expected return of a bond if held until maturity, also referred to as book yield.

The yield curve is frequently spoken about when investors are discussing bonds and wider economics, but what precisely is it? Here, Telegraph Money explains how to use it.

Learn about bond coupons, how they're calculated, and their effect on investments. Discover the differences between coupon ...

Traditionally, we teach bond valuation using a yield to maturity (YTM) approach, which discounts all bond flows at the YTM. The correct approach uses the zero coupon bond (ZCB) rate to discount each ...