3.到期收益率( Yield to Maturity) Yield to Maturity is the interest rate that equates the present value of payments received from a debt instrument with its value today. 到期收益率是恰好使债务工具带来的 回报的现值与其现在的价值相等的利 率3. 到期收益率 （Yield to Maturity） Yield to Maturity is the interest rate that equates the present value of payme nts received from a debt instrument with its value today. 到期收益率是恰好使债务工具带来的 回报的现值与其现在的价值相等的利 率