Bond Yield Calculator

Use our free bond yield calculator to compute the current yield and nominal yield on bonds. Enter the face value, coupon rate, market price, and payment frequency to see your bond's yield metrics.

Financial

Currency

Face Value (Par Value)

Coupon Rate (%)

Market Price

Coupon Payments per Year

Formula

Bond yield measures the return an investor can expect from holding a bond. This calculator computes the current yield, nominal yield (coupon rate), and per-period coupon payment for any bond investment.

Current Yield = Annual Coupon / Market Price Ã— 100

Percentage: The percentage value you want to apply

Number: The original number or value

Result: The calculated result

How It Works

1Enter the bond's face value and coupon rate.
2Enter the current market price of the bond.
3Select the coupon payment frequency.
4See the current yield, nominal yield, and per-period coupon.

Examples

$1,000 face value, 5% coupon, $950 market price, semi-annual

1.Annual coupon = $1,000 Ã— 5% = $50
2.Current yield = $50 / $950 = 5.26%
3.Semi-annual coupon = $50 / 2 = $25

Result: 5.26%

Frequently Asked Questions

Current yield is the annual coupon income divided by the current market price. It reflects the income return relative to the price paid for the bond.

Nominal yield (also called coupon rate) is the fixed interest rate stated on the bond. It is the annual interest paid divided by the face value.

When bond prices fall, yields rise (inverse relationship). A bond purchased at a discount (< face value) has a higher current yield than its coupon rate.

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Bond Yield Explained

CalculateMe Team

Last updated: 2026-07-16

Frequently Asked Questions

Current yield is the annual coupon income divided by the current market price. It reflects the income return relative to the price paid for the bond.

Nominal yield (also called coupon rate) is the fixed interest rate stated on the bond. It is the annual interest paid divided by the face value.

When bond prices fall, yields rise (inverse relationship). A bond purchased at a discount (< face value) has a higher current yield than its coupon rate.

Bond Yield Calculator

Formula

How It Works

Examples

$1,000 face value, 5% coupon, $950 market price, semi-annual

Frequently Asked Questions

What is current yield?

What is nominal yield?

How does market price affect yield?

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Bond Yield Calculator

Formula

How It Works

Examples

$1,000 face value, 5% coupon, $950 market price, semi-annual

Frequently Asked Questions

What is current yield?

What is nominal yield?

How does market price affect yield?

Related Calculators

Related Articles