Bond Price Quote Price Coupon Maturity YTM Current Yield Rating Callable 107.34 2.950 - 15-Jan-2024 1.251 2.748 A Yes Why is the YTM (yield-to-maturity) less than the coupon rate? The bond's price is lower than the maturity value, which increases the coupon rate on the bond. The company set the coupon rate above the yield-to-maturity. The bond's price is higher than the maturity value, which lowers the return on the bond from 2.950% to 1.251%