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Yield to Call (YTC) Bond Calculator

YTC — annualised return if bond is called before maturity.

Estimates yield to call (YTC) using linear interpolation between two trial rates that bracket zero price difference, for callable bonds.

Priya Venkatesan By Priya Venkatesan
Published Last reviewed 1 min read

Inputs

Results

Enter values and click Calculate to see results.
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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

YTC ≈ (coupon + (call_price−market_price)/periods) / ((call_price+market_price)/2)

In depth

Estimates yield to call (YTC) using linear interpolation between two trial rates that bracket zero price difference, for callable bonds.