What is the nominal yield? Compared to the current yield and YTM.
Someone else asked that question a week or so ago, and my only quess is that you are referring to the nominal spread. Otherwise, that term is new to me.
Nominal yld = coupon yield. It is always the furthest away from YTM depending on a disc. or prem. bond, current yld is in the middle.
I thought the current yield is the coupon yield. Schweser book 5 page 106. Current yield = annual cash coupon payment / bond price.