The bond market also debt market or credit market is a financial market where participants can issue new debt known as the primary market or buy and sell debt securities known as the secondary marketThis is usually in the form of bonds but it may include notes bills and so for public and private expendituresThe bond market has largely been dominated by the United States which. The calculation does not incorporate yield from any currency forward contracts that might be part of the Funds investments and does not reflect Fund Expenses. Refinancings Plunge As Bond Yields Rise Refinancing Mortgage Mortgage Rates Pay Off Mortgage Early What is your bonds current yield and YTM. Bond market yield calculation . Market interest rate and the time to maturity. 11 out of 98. To calculate current yield we must know the annual cash inflow of the bond as well as the current market price. In addition there is a component of yield that comes from the difference between the bonds market pric