Yield to worst

Yield to worst
A bond may have more than one yield measure such as yield to maturity and yield to call. A callable bond may have more than one call date. The yield to worst is the lowest of all these numbers.

Yield to Worst
Investment Dictionary:
Yield to Worst
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yield to worst

Estimate of the lowest possible yield that would be earned on a bond based on the terms of its indenture.

Yield to worst
The bond yield computed by using the lower of either the yield to maturity or the yield to call
on every possible call date.
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YTW - Yield To Worst - The lowest potential yield that can be received on a bond without the issuer actually defaulting.

yield to worst
Yield is a financial concept with archaic origins. Prior to the 20th century, there wasn't the active secondary market for fixed income securities of today.

yield to worst
bond yield assuming worst-case scenario, that is, earliest redemption possible under terms of the indenture.
Dictionary of Finance and Investment Terms ...

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yield to worst
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Yield to warrant expiration
Applies mainly to convertible securities. Effective yield of usable convertible bonds determined by the expiration date of the applicable warrants.
Yield to worst ...

yield to worst The lowest yield quoted YTD Abbr. Year-To-Date; period spanning from January 1 of the current year to the present date. Yuan The currency of China. ISO international currency code: CNY. Learn more...

See also: Call date, Yield To Call, Yield curve, Term structure, Yield spread