For callable bonds, the financial press generally reports either the yield to maturity or the yield to

Question:

For callable bonds, the financial press generally reports either the yield to or the yield to call. Often yield to call is reported for premium bonds, and yield to is reported for discount bonds. What is the reasoning behind this convention?

Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...