# Yield to Maturity (YTM)

*Markets & Instruments — Finicade finance glossary*

The single rate that makes a bond's future coupons and repayment worth exactly its current price — its true annualised return if held to the end. It's the standard way bonds are quoted and compared.

**Also known as:** ytm

**Related terms:** [Current Yield](https://finicade.com/glossary/current-yield), [Bond](https://finicade.com/glossary/bond), [Yield Curve](https://finicade.com/glossary/yield-curve)

**Taught in:** Capital Quarters — Valuing Bonds

Source: https://finicade.com/glossary/yield-to-maturity