The current yield for a bond is constant over time because the coupon rate is fixed.

Name: The current yield for a bond is constant over time because the coupon rate is fixed.
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The current yield for a bond may change over time, depending on the market price of the bond. The coupon rate is fixed, but as the market price of the bond changes, the yield will also change. For example, if the market price of a bond decreases, the current yield will increase, and vice versa.

The Current Yield for a Bond Is Constant Over Time