Yield to maturity is considered a long term bond yield expressed as an annual rate. (hsbc.ca)
Low neutral rates and large central bank ownership of government bonds are why we see long - term bond yields staying low on a five - to 10 - year horizon. (blackrockblog.com)
Policy rate changes affects short - term bond yields much more directly than longer - term yields (see Exhibit 1). (indexologyblog.com)