Redemption yield When investors buy different securities, they want to be able to compare expected annual returns. (daytrading.com)
In this case, YTM is known as the gross redemption yield. (investopedia.com)
The market price of a tradable bond will be influenced, amongst other factors, by the amounts, currency and timing of the interest payments and capital repayment due, the quality of the bond, and the available redemption yield of other comparable bonds which can be traded in the markets. (en.wikipedia.org)