Yield to worst

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Revision as of 16:42, 25 March 2013 by imported>Doug Williamson (Created page with "The worst yield that an investor could receive on a security, without there being a default by the issuer. The calculation of the Yield to worst assumes 'worst case' outcomes...")
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The worst yield that an investor could receive on a security, without there being a default by the issuer.

The calculation of the Yield to worst assumes 'worst case' outcomes - from the investor's perspective - for example in relation to the exercise of any options in favour of the issuer.

See also