A more thorough explanation:

Definition: YTM stands for Yield to Maturity. It is the total return anticipated on a bond if the bond is held until it matures.

For example, if an investor purchases a bond for $1,000 with a coupon rate of 5% and a maturity date of 10 years, the YTM would be the rate of return the investor would receive if they held the bond until it matured in 10 years.

The YTM takes into account the bond's current market price, its face value, the coupon rate, and the time remaining until maturity. It is an important measure for investors to consider when evaluating the potential return on a bond investment.