Bond Current Yield Calculator
Last updated: July 2026
Calculate a bond’s current yield from annual coupon income and market price.
Current yield
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- Annual coupon income: —
- Premium or discount to face value: —
On this page
Quick summary: Calculate a bond’s current yield from annual coupon income and market price. Enter the requested values, calculate, review the result, and compare more than one realistic scenario before making a decision.
Read the complete guide
What this calculator does
The Bond Current Yield Calculator compares a bond's annual coupon income with its current market price.
How to use the calculator step by step
Enter the annual coupon payment and current bond price. Use the annual coupon amount rather than the bond's face value unless the page calculates it for you.
How the calculation works
Current yield equals annual coupon payment divided by current market price, multiplied by 100.
Worked example and scenario testing
A bond paying 50 per year and trading at 950 has a current yield of about 5.26%.
How to interpret your result
Current yield measures annual coupon income relative to today's price. It does not include capital gain or loss when the bond matures.
Accuracy, assumptions, and limitations
Current yield is not the same as yield to maturity. Maturity value, time remaining, reinvestment, call features, and default risk are not reflected.
Common mistakes to avoid
Do not divide the coupon payment by face value when the goal is current yield based on market price.
Privacy and browser-based calculations
Only bond price and coupon figures are required. No brokerage details should be entered.