Current Yield Formula: Current Yield = Coupon Payment / Market Price of Bond

Current Yield Definition Using the free online Current Yield Calculator is so very easy that all you have to do to calculate current yield in a matter of seconds is to just enter in the face value of the bond, the bond coupon rate percentage, and the market price of the bond. That’s it! The current yield of a bond is also referred to as the “flat yield”, “interest yield”, “income yield” or even the “running yield” and the definition of current yield is really the same as for all of the terms. Quite simply, the current yield of a bond is defined as the coupon payment of the bond divided by the market price of the bond and is therefore a measurement of the value of the bond after adjusting for current market interest rates. Start calculating the current yield of any bond you like right now! Also, be sure and check out our bond value calculator and our many other financial calculators!

How to Calculate Current Yield Let's be honest - sometimes the best current yield calculator is the one that is easy to use and doesn't require us to even know what the current yield formula is in the first place! But if you want to know the exact formula for calculating current yield then please check out the "Formula" box above.