How to use this calculator
- Enter annual coupon cash amount, current bond price.
- Choose a display currency, then select Calculate. Results also update after a brief pause while you edit.
- Read the result with the assumptions below. Export details or save a second scenario to compare your choices.
Formula and method
Current yield = annual coupon cash / current bond price × 100%.
Assumptions and limitations
Use price and coupon for the same face amount. Accrued interest, reinvestment and default risk are excluded.
Worked example
With annual coupon cash amount = 50, current bond price = 950, current yield is approximately 5.2631579%.
What the result means
Current yield ignores gain or loss on redemption and is different from yield to maturity.
Common questions
How should I interpret current yield?
Current yield ignores gain or loss on redemption and is different from yield to maturity.
What should I check before using this result?
Use price and coupon for the same face amount. Accrued interest, reinvestment and default risk are excluded.
Methodology and transparency
Calculation specification reviewed on 2026-10-14. Mathematical implementation is tested against independent reference fixtures. This does not imply review by a licensed financial professional. Read the testing and precision policy.