BOND Calculator

Free Online BOND Calculator

Bond Pricing · Yield Calculator · Bond Comparison

📜

Bond Calculator

Bond Pricing · Yield Calculator · Bond Comparison

Calculate the fair market price of a bond. A bond's price is the present value of all future coupon payments plus the face value, discounted at the required yield (market rate). When market rates rise, bond prices fall — and vice versa.

Bond Parameters

Face Value (Par Value)

Annual Coupon Rate

Required Yield (YTM / Market Rate)

Years to Maturity

yrs

Coupon Frequency

Tax Rate on Coupon Income

📜

Bond Pricing Summary

—

Bond Price

—

Price as % of Par

—

Face Value

—

Annual Coupon

—

Coupon Yield (Current)

—

YTM (Required)

—

Total Coupons Over Life

—

Total Return (incl. par)

—

Duration (Macaulay)

—

After-Tax Annual Coupon

—

💰 Bond Price Decomposition (Present Value)

🔮 Rate Sensitivity Scenarios

If market rate rises 1% (to —):—

If market rate falls 1% (to —):—

If market rate equals coupon rate (par):—

Price change per 1% rate move (DV01):—

Modified duration (% price change per 1% rate):—

📋 Coupon Cash-Flow Schedule

Period	Coupon	Principal	Total CF	PV of CF	Cum. PV

Bond Pricing Insights

Calculate all bond yield metrics from a market price: Yield to Maturity (YTM), Current Yield, Yield to Call, and after-tax yield. YTM is the single most important yield metric — it's the IRR assuming you hold to maturity and reinvest all coupons.

Bond Details

Face Value (Par)

Current Market Price

Annual Coupon Rate

Years to Maturity

yrs

Coupon Frequency

Tax Rate on Coupon Income

Yield to Call (optional)

Call Price (if callable)

Years to First Call Date

yrs

📈

Yield Summary

—

Yield to Maturity (YTM)

—

Current Yield

—

Yield to Maturity

—

Current Yield

—

Yield to Call (YTC)

—

After-Tax YTM

—

Capital Gain/Loss Yield

—

Bond Pricing

—

Total Coupon Income

—

Total Return to Maturity

—

📊 Yield Comparison Breakdown

🔮 Yield Scenarios

Real YTM after 3% inflation:—

After-tax YTM at 32% bracket:—

Tax-equivalent yield (vs 22% tax muni):—

If held to call date (YTC vs YTM):—

Annualised total return if sold at par today:—

Yield Insights

Compare up to three bonds side-by-side — corporate, government, or municipal — across all key metrics: YTM, duration, credit risk, and after-tax yield. Ideal for evaluating competing fixed-income choices before investing.

Shared Settings

Investment Amount

Marginal Tax Rate

Inflation Rate

Bond A — Corporate Bond

Face Value

Market Price

Coupon Rate

Years to Maturity

yrs

Bond Type

Credit Rating

Bond B — Government Bond

Face Value

Market Price

Coupon Rate

Years to Maturity

yrs

Bond Type

Credit Rating

Bond C — Municipal Bond

Face Value

Market Price

Coupon Rate

Years to Maturity

yrs

Bond Type

Credit Rating

⚖️

Comparison Result

—

A — YTM

—

B — YTM

—

C — YTM

—

Best After-Tax Yield

—

A — Duration

—

B — Duration

—

C — Duration

—

Best Risk-Adjusted

—

💰 After-Tax Annual Income on $10,000 Investment

🔮 Comparison Scenarios

Best bond at 35% tax bracket:—

If rates rise 2% — which loses most?—

Tax-equivalent yield for muni bond C:—

Total income over 10 yrs on investment:—

Spread: A vs B (credit premium):—

Bond Comparison Insights

Create and Send Professional Invoices in Seconds

Invoize helps freelancers and businesses create, manage, and send invoices easily
from anywhere without complicated accounting software.