Yield to Maturity (YTM) represents the annualized return you would receive if you buy a bond today and hold it until it matures, assuming the issuer makes all scheduled payments.
It is the most complete metric for comparing bonds, because it accounts not only for coupon payments but also for the difference between the price you pay today and the face value you receive at maturity.
YTM is quoted on an annualized basis. This means the yield displayed in the app reflects what you would earn if you held the bond for an entire year.
A bond's yield depends on multiple factors: market conditions, supply and demand, inflation expectations, time to maturity, the issuer's credit quality, and the Federal Reserve's benchmark rate. All of these are taken into account when calculating the YTM you see in Hapi.
Need help? You can contact the support team from within the app.
👉 The support team does not provide investment, tax, or legal advice.