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Yield to Worst (Market)

Yield to Worst (Market) is the lowest potential yield that can be received on a bond without the issuer actually defaulting.

Yield to Worst is determined by making worst-case scenario assumptions on the issue by calculating the return that would be received if the issuer uses provisions, including prepayments, calls, or sinking funds.

Note that:

• Tamarac reports on Current Yield to Worst (Market) based on the enterprise as-of date, regardless of report date settings.

• You won't see Current Yield to Worst (Market) included in any total rows because it only applies to each individual security.

For more information on the fixed income security setting Current Yield to Worst (Market), see Security Settings: Current Yield to Worst.