Bond yield refers to the return an investor realizes on a bond. Various types of bond yields provide investors with insight into the return they could potentially receive if they hold the bond until maturity or sell it earlier.
The real interest rate is the nominal interest rate adjusted for inflation. It represents the true cost of borrowing and the real yield on investments.
Tax-Equivalent Yield is a pretax yield that a taxable bond must offer to match the tax-free yield of a municipal bond, calibrated to an investor's specific tax bracket.
