Yield
The income an asset produces as a percentage of its price. For a bond held to maturity, yield to maturity also accounts for any gain or loss against the price paid.
Also called bond yield
The income an asset produces as a percentage of its price. For a bond held to maturity, yield to maturity also accounts for any gain or loss against the price paid.
Why it matters
Because yield divides by price, a falling price raises the yield without anything improving.
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