expected yield-to-maturity
债券有违约风险，计算期望到期收益率(expected yield-to-maturity) 只要有违约或者推迟支付的可能，期望收益就会小于承诺收益(promised yield)
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expected yield-to-maturity
预计到期收益率
以上为机器翻译结果，长、整句建议使用 人工翻译 。
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The yield is how much interest you earn if you hold the bond to maturity, which people often equate with expected return.
所谓收益率就是你持有的某种债券期满时可以获得的利息，人们经常将之等同于预期回报。
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