Series 51: Yield To Put

Taken from our Series 51 Online Guide

Yield to Put

Yield to put is the yield assuming that you hold the security until its first put date. Yield to put is generally higher than yield to maturity, because the shortened maturity reduces the bond’s potential for price depreciation.

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Premium Bonds

price > par value

coupon rate > current yield > YTM > YTC

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price < par value

coupon rate < current yield < YTM < YTC