Peeing in a trash can instead of walking 50 feet to the bathroom is not funny. Raiding you neighborâs cooler is not funny. Building an 8 foot tall bonfire is not funny. Asking if you can wear the park rangerâs hat is not funny. Guess whose job it is to tell them that they are not funny: the park ranger.
The main difference between yields and interest rates is that each term refers to different financial instruments. Yield commonly refers to the dividend, interest or return the investor receives from a security like a stock or bond, and is usually reported as an annual figure.
The SEC yield on this fund is now roughly 3%. So if you're looking at that fund, you see a 1yr performance of +24% and an SEC yield of 3%, seemingly a huge disparity. The SEC yield is a good indicator of what to expect going forward if interest rates stay roughly the same. Over the past 5 years, bonds have experienced an epic rally. This accounts for the big time performance numbers of late.