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Current Yield

Category — Analytical Metrics
Current Yield (CY) is a simple yield rate calculated as the coupon rate divided by the bond’s clean price. Unlike coupon yield, it takes into account the current clean price of the bond. Also, it does not take into account the bond yield curve and measures the yield as a percentage of the current clean price.

More information about yield calculation and example of calculations you can find in Bond Calculator Guide.
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