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Yield to Worst

   Also found in: Acronyms, Wikipedia 0.01 sec.
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.

yield to worst
The lowest possible yield from owning a bond considering all potential call dates prior to maturity.

Yield to Worst
The lowest possible yield on a callable bond. If a callable bond is called before maturity, the bondholder only earns interest on the time that has elapsed between purchasing the bond and its early redemption. This yield can be significantly less than what would have been earned had the bond been held until maturity. Determining the yield to worst is an important part of risk analysis in evaluating a callable bond. See also: Yield to call, yield to maturity.


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