What is current yield?
Current yield is a simple measure of a bond’s income return, calculated by dividing its annual coupon payment by its current market price rather than its face value. It’s a quick way to compare income across bonds trading at different prices.
How this calculator works
Enter the bond’s face value, annual coupon rate, and current market price. The calculator computes the annual coupon payment (face value x coupon rate), then divides it by the current price to find the current yield.
Current yield doesn’t account for capital gains or losses at maturity; for that, see yield to maturity. This tool is for general educational and planning purposes, not investment advice.
Last reviewed August 2026