Yield to worst
Also written YTW.
Definition
The lowest of yield to call before the call date, yield to maturity and, for a perpetual issue, current yield: the return if events turn out least favorably for the holder. The figure fixed-income investors quote first, because it assumes nothing in the holder's favor. Computed in the Yield to Call calculator.
Definitions describe how YieldDesk reads the term. Nothing on this page is investment advice or a recommendation to buy, sell or hold.