Adjusted current yield

Description

The current yield, interest yield, income yield, flat yield, market yield, mark to market yield or running yield is a financial term used in reference to bonds and other fixed-interest securities such as gilts. It is the ratio of the annual interest payment and the bond’s current clean price. The adjusted current yield is a financial term used in reference to bonds and other fixed-interest securities. It is closely related to the concept of current yield.

Related formulas

Variables

ACYAdjusted current yield (dimensionless)
ACPAnnual coupon payments (dimensionless)
PClean price (dimensionless)
YMYears to maturity (dimensionless)