Yield to maturity (YTM) is an important metric used in bond markets that describes the total rate of return that is expected from a bond once it has made all of its scheduled interest payments and repays the original principal amount.Zero-coupon bonds(z-bonds), however, do not have reoccu...
The advantage of a zero coupon bond is you can buy a bond with the same maturity value as a regular bond but at a much lower price, since you are not receiving regular interest payments. In addition, if you buy a municipal zero coupon bond, the interest is usually tax-free. Disadvantag...