Bond Yield Calculator
Calculate YTM, current yield, duration, and analyze bond investments with comprehensive metrics.
Bond Details
Bond Metrics
Premium/Discount
₹-50
-5.00%
Macaulay Duration
6.98 years
Modified Duration
6.69
Convexity
58.76
Annual Coupon
₹80
Capital Gain/Loss
+₹50
Cash Flow Schedule
| Year | Coupon | Principal | Total Cash Flow |
|---|---|---|---|
| 1 | ₹80 | - | ₹80 |
| 2 | ₹80 | - | ₹80 |
| 3 | ₹80 | - | ₹80 |
| 4 | ₹80 | - | ₹80 |
| 5 | ₹80 | - | ₹80 |
| 6 | ₹80 | - | ₹80 |
| 7 | ₹80 | - | ₹80 |
| 8 | ₹80 | - | ₹80 |
| 9 | ₹80 | - | ₹80 |
| 10 | ₹80 | ₹1000 | ₹1080 |
| Total | ₹800 | ₹1000 | ₹1800 |
Yield Analysis
Yield to Maturity (YTM)
8.76%
Annualized return if held to maturity
Current Yield
8.42%
Annual coupon / Current price
Total Return
₹850
Annualized
6.60%
After-Tax Returns
Interest income taxed at 30%. Capital gains may have different treatment.
Duration Interpretation
A 6.69 modified duration means:
If rates ↑ 1%, price ↓ ~6.69%
If rates ↓ 1%, price ↑ ~6.69%
Bond Investing Concepts
YTM vs Current Yield
YTM includes capital gain/loss; current yield is just coupon
Duration Risk
Longer duration = more sensitive to rate changes
Premium Bonds
Price > Face value when coupon > market rate
Discount Bonds
Price < Face value when coupon < market rate