Editing Current yield (section)

== Shortcomings of current yield ==
The current yield refers only to the yield of the bond at the current moment. It does not reflect the total return over the life of the bond, or the factors affecting total return, such as:
* the length of time over which the bond produces cash flows for the investor (the maturity date of the bond), 
* interest earned on reinvested coupon payments, or [[reinvestment risk]] (the uncertainty about the rate at which future cash flows can be reinvested), and 
* fluctuations in the market price of a bond prior to maturity.<ref>{{cite book |title=Thau op cit p. 56}}</ref>