{"id":10264,"date":"2021-03-31T10:40:51","date_gmt":"2021-03-31T13:40:51","guid":{"rendered":"https:\/\/warren.com.br\/magazine\/?p=10264"},"modified":"2023-08-02T22:14:15","modified_gmt":"2023-08-03T01:14:15","slug":"o-que-e-yield-to-maturity","status":"publish","type":"post","link":"https:\/\/warren.com.br\/magazine\/o-que-e-yield-to-maturity\/","title":{"rendered":"O que \u00e9 yield to maturity"},"content":{"rendered":"<div id=\"playht-iframe-wrapper\" style=\"max-height: 210px !important;\">\n\t<iframe\n\tscrolling=\"no\"\n\tclass=\"playht-iframe-player\"\n\tid=\"playht-iframe-player\"\n\theight=\"90px\"\n\twidth=\"100%\"\n\tframeborder=\"0\"\n\tstyle=\"max-height: 90px; height: 90px !important;\"\n\tsrc=\"https:\/\/play.ht\/embed\/?article_url=https:\/\/warren.com.br\/magazine\/?p=10264&voice=pt-BR-FranciscaNeural&appId=l7OQ6uC_zK&trans_id=-N-ZG7epzKEDHSfggiJz\"\n\tdata-voice=\"pt-BR-FranciscaNeural\"\n\tarticle-url=\"https:\/\/warren.com.br\/magazine\/?p=10264\"\n\tdata-appId=\"l7OQ6uC_zK\"\n\tallowfullscreen=\"\">\n\t<\/iframe>\n<\/div>\n\n<p>O <strong>yield to maturity <\/strong>(YTM), tamb\u00e9m chamado de \u201crendimento at\u00e9 o vencimento\u201d ou \u201crendimento de resgate\u201d, \u00e9 a taxa de retorno oferecida por um t\u00edtulo quando o investidor o mant\u00e9m at\u00e9 a data do seu vencimento.<\/p>\n\n\n\n<p>Em outras palavras, \u00e9 a taxa interna de retorno de um investimento de renda fixa que for mantido at\u00e9 o fim. Ele \u00e9 expresso principalmente em taxas de porcentagem anual.&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Indice<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69e49155022a1\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69e49155022a1\"  aria-label=\"Alternar\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/warren.com.br\/magazine\/o-que-e-yield-to-maturity\/#Para_que_serve_o_yield_to_maturity_na_pratica\" >Para que serve o yield to maturity na pr\u00e1tica?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/warren.com.br\/magazine\/o-que-e-yield-to-maturity\/#Como_se_calcula_o_yield_to_maturity\" >Como se calcula o yield to maturity?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Para_que_serve_o_yield_to_maturity_na_pratica\"><\/span>Para que serve o yield to maturity na pr\u00e1tica?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>O yield to maturity \u00e9 uma das melhores alternativas para o c\u00e1lculo da taxa de retorno de um t\u00edtulo, pois inclui todos os aspectos do seu investimento, como dura\u00e7\u00e3o e cupons (pagamentos peri\u00f3dicos que o investidor pode receber, definidos no momento da emiss\u00e3o do t\u00edtulo).<\/p>\n\n\n\n<p>Al\u00e9m disso, o YTM permite que investidores comparem o retorno esperado de um t\u00edtulo com o de outros t\u00edtulos. Entendendo como os rendimentos variam com os pre\u00e7os de mercado, eles podem antecipar os efeitos das mudan\u00e7as em suas carteiras.&nbsp;<\/p>\n\n\n\n<p>Por isso, investidores costumam tomar decis\u00f5es de investimento com base nesse desempenho.<\/p>\n\n\n\n<p>Dentre as diferentes abordagens do <a href=\"https:\/\/warren.com.br\/magazine\/o-que-e-yield\/\"><strong>yield<\/strong><\/a>, o yield to maturity \u00e9 a mais utilizada para analisar o rendimento de t\u00edtulos de renda fixa.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Como_se_calcula_o_yield_to_maturity\"><\/span>Como se calcula o yield to maturity?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>H\u00e1 quatro aspectos que precisam ser levados em considera\u00e7\u00e3o na hora de calcular o yield to maturity. S\u00e3o eles:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Cupom de juros;<\/li><li>Per\u00edodo de tempo existente entre o momento atual e o vencimento;<\/li><li>Pre\u00e7o pago pelo t\u00edtulo;<\/li><li>Valor de resgate (que \u00e9 o resultado obtido com o pr\u00f3prio c\u00e1lculo do YTM).<\/li><\/ul>\n\n\n\n<p>A f\u00f3rmula para realizar esse c\u00e1lculo \u00e9 a seguinte:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"693\" height=\"409\" src=\"https:\/\/warren.com.br\/magazine\/wp-content\/uploads\/2021\/03\/calculo_ytm.png\" alt=\"\" class=\"wp-image-10271\" srcset=\"https:\/\/warren.com.br\/magazine\/wp-content\/uploads\/2021\/03\/calculo_ytm.png 693w, https:\/\/warren.com.br\/magazine\/wp-content\/uploads\/2021\/03\/calculo_ytm-300x177.png 300w\" sizes=\"auto, (max-width: 693px) 100vw, 693px\" \/><figcaption>F\u00f3rmula para calcular o yield to maturity.<\/figcaption><\/figure>\n\n\n\n<p>Onde:<\/p>\n\n\n\n<p><em>C = Cupom de juros<\/em><\/p>\n\n\n\n<p><em>F = Valor de face (valor que ser\u00e1 resgatado)<\/em><\/p>\n\n\n\n<p><em>P = Pre\u00e7o pago<\/em><\/p>\n\n\n\n<p><em>n = Per\u00edodo de matura\u00e7\u00e3o<\/em><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>O yield to maturity (YTM), tamb\u00e9m chamado de \u201crendimento at\u00e9 o vencimento\u201d ou \u201crendimento de resgate\u201d, \u00e9 a taxa de retorno oferecida por um t\u00edtulo quando o investidor o mant\u00e9m at\u00e9 a data do seu vencimento.<\/p>\n","protected":false},"author":8,"featured_media":10267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1016],"tags":[],"class_list":["post-10264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-por-dentro-do-mercado","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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