YIELD CURVE
Par Yield
Finds the coupon rate that would make a bond price at par for a given zero curve.
Formula
100 = Σ C_par/(1+s_t)^t + 100/(1+s_n)^n
Variables: s_t spot rates; C_par par coupon
What it means
Finds the coupon rate that would make a bond price at par for a given zero curve.
Example
Solve the coupon that discounts to exactly 100 using the maturity-matched spot curve.
How to interpret it
This concept should be read together with its market convention, measurement horizon and underlying instrument. BondStats presents it as an analytical reference rather than investment advice; instrument documentation and primary market rules remain authoritative.
Related Formulas
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