Different kinds of Yield

Question

I've been studying the Fixed Income Valuation chapter for the past 3 days and it seems alright except for the part where you have to convert Bond Equivalent Yield, Effective Annualized Yield, Semi/Quarterly Coupon Bond Equivalent Yield, Annual Yield on Semiannual bond basis etc to each other. I just don't understand what exactly each of these yields is and how to calculate one given the other. There are just so many different kinds of yields and I just can't get my head around it. Can someone please clarify what each yield means and the logic behind the calculations.

PaulAdaptPrep · Answer

@RoyD‌ We have our full Fixed Income series of Video Lessons available free (24 videos, over 4 hours worth). They cover all these topics in a visual manner. I would recommend you go through all of them to ensure you're clear on the concepts first before launching into calculating them. All 5 playlists of videos are listed below.One example video is this series that highlights how to do the calculations is this one, which overviews Yield Measures on Fixed Rate Bonds:https://www.youtube.com/watch?v=Hl-94XsBh7I Here's all the videos:Fixed-Income Securities: Defining Elements:https://www.youtube.com/watch?v=mtnKr6ECwew&list=PLJnX_Qm2u8ej-RekkBK99CybkoX7Fl9UsFixed-Income Markets: Issuance, Trading, and Fundinghttps://www.youtube.com/watch?v=T9qVs4FlT7Q&list=PLJnX_Qm2u8ej5S1_rPsTpujyxggU6jzP-Introduction to Fixed-Income Valuationhttps://www.youtube.com/watch?v=O7ahjqBSchs&list=PLJnX_Qm2u8ehMV5S9vdELBQQLqXL40MaAUnderstanding Fixed-Income Risk and Returnhttps://www.youtube.com/watch?v=RKs-QY5a-SQ&list=PLJnX_Qm2u8ejGu99qRve2Qe7duov47Oj3 Fundamentals of Credit Analysishttps://www.youtube.com/watch?v=H5z2TPjZN5Q&list=PLJnX_Qm2u8ejcXIF1ystPaIOibAT9E8Cg

RoyD · Answer

Thanks for the videos, they really helped me a lot. The spot and forward rates part in Income Valuation is missing in the video playlist though. Would like some help on that too if you can.