Current yield is the most important and widely used measure of bond return.

Question

Quizplus · Accepted Answer

The most important and widely used measure of bond return is typically considered to be the yield to maturity (YTM), not the current yield. YTM takes into account the entire stream of future payments from the bond, including the repayment of principal at maturity, whereas the current yield only considers the annual interest payment relative to the bond's current price.

Current Yield Is the Most Important and Widely Used Measure