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Credit investing glossary

Bond yield

In credit markets, valuation is reflected in the yield on the debt instrument. The bond yield represents the return to an investor who owns the bond and can be defined in various ways.

The current yield is one of the simplest representations of yield. It is the ratio of total annual cash flows to the bond holder relative to the current market price of the bond.

Current yield = Annual cash inflows/Market price

Consistently at the forefront of credit management
Consistently at the forefront of credit management
Credit investing
Should the price of a debt instrument trade lower owing to the view that it has become riskier, the yield on the debt instrument rises. For bonds with similar characteristics, those with higher perceived credit risk will trade at higher yields than those considered less risky.
信用债展望:警惕经济过热
信用债展望:警惕经济过热
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30-04-2021 | 季度展望
信用债展望:市场已具“免疫力”
信用债展望:市场已具“免疫力”
当前,新冠疫情这场百年一遇的全球健康危机仍在持续。
13-11-2020 | 市场观点
荷宝第三季度信用债市场展望:游戏规则已变
荷宝第三季度信用债市场展望:游戏规则已变
2020年第二季度的经济巨震前所未见,石油供应冲击更是在高风险资产领域掀起狂风骤雨。
24-06-2020 | 季度展望