AS I state in the introduction:
In the July, 2011, edition of this newsletter I reviewed some of the more basic concepts surrounding yield calculations, namely Current Yield (CY), Yield to Maturity (YTM) and Yield to Worst (YTW).
In this issue, I will examine the faults of these measures more closely and introduce some of the measures utilized in HIMIPref™: Portfolio Yield, Cost Yield and Curve Yield and examine how each of these measures compares when used as a predictor of future returns.
Part 1 of this discussion is available via THIS LINK.
Look for the research link!
[…] Part 2 of this discussion is available via THIS LINK. […]