The total return on a bond, taking into account both coupon and the capital gain or loss on maturity. It is calculated as the flat yield of the bond plus any capital gain on redemption (less any capital loss), where the capital gain or loss is divided by the number of years to maturity and expressed as a percentage of the current bond price. i.e.
The return on a fixed interest security expressed as an annual percentage. The redemption yield consists of the capital and income return on the investment.
The total return for a share or bond that includes the expected income and the capital returned, which may include capital growth, over its life.