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Yield to maturity is the discount rate at which the sum of all future cash flows from the bond (coupons and principal) is equal to the price of the bond. The YTM is often given in terms of Annual Percentage Rate (A.P.R.), but more usually market convention is followed.
Yield to Maturity is the rate a bondholder can expect to recieve if they hold the bond until its stated maturity date, its based on the price paid for it and the stated coupon rate of the bond. YTM is related to bonds. Spot rates are related to commodities and currency. It is the price that is quoted for immediate (spot) settlement (payment and delivery) of the commodity or currency. These trades have 2 days until settlement.