Bond math guides
Updated
Explore the guides
Each guide explains one bond calculation and shows it on a named bond. Open the bond in the calculator to inspect its current inputs and cash flows.
- Yield to maturity. Solve a bond’s return from its price and remaining payments.
- Clean price vs dirty price. See how accrued interest changes the settlement amount.
- Bond spread. Compare G-spread, Z-spread and OAS.
- Yield to worst. Compare maturity with every callable outcome.
- Semi-annual vs annual yield. Convert bond-equivalent yield to an effective annual rate.
- Modified duration and DV01. Measure price sensitivity to yield.
- Perpetual bond yield. Distinguish perpetuity yield from an AT1 first-call quote.