What is the meaning of Holding-Period Yield (HPY)?

Holding-Period Yield > HPY

Holding-Period Yield (HPY) is the annual rate of return actually realized on an investment in a bond.

Barry Goldsmith
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APABarry Goldsmith. (2010). Holding-Period Yield (HPY). Retrieved September 23, 2026, from http://smartdefine.org/holding-period_yield_(hpy)/definitions/1155486
ChicagoBarry Goldsmith. 2010. "Holding-Period Yield (HPY)" http://smartdefine.org/holding-period_yield_(hpy)/definitions/1155486 (accessed September 23, 2026).
HarvardBarry Goldsmith 2010, Holding-Period Yield (HPY), Smart Define, viewed 23 September, 2026, <http://smartdefine.org/holding-period_yield_(hpy)/definitions/1155486>.
MLABarry Goldsmith. "Holding-Period Yield (HPY)" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/holding-period_yield_(hpy)/definitions/1155486>