The significance of a higher Yield to Maturity (YTM) can vary depending on the specific context. On the one hand, a higher YTM could signal a potential bargain, suggesting that the bond is priced below its par value. However, it is crucial to consider other factors, such as the creditworthiness of the bond issuer and the prevailing interest rates of alternative investments, to determine if the discount is justified. Conducting thorough due diligence is essential in investment decisions to assess the overall suitability and risk associated with the bond.