What is yield to maturity?
Yield to Maturity (YTM) is the total return anticipated on a bond if held until maturity, inclusive of the interest payments you’ll receive and any difference in the current price of the bond versus its maturity price (which is the same at the point it is issued). It is expressed as an annual percentage rate. We always note the date at which the YTM calculation is based until.
We recommend a minimum of 12 months in order to allow for a large portion of the bonds to fully mature.