TBILLYIELD

Definition of TBILLYIELD

Calculates the yield of a US Treasury Bill based on price.

Sample Usage

TBILLYIELD(DATE(2010,1,2), DATE(2010,12,31), 98.45)

TBILLYIELD(A2,B2,C2)

Syntax

TBILLYIELD(settlement, maturity, price)

• settlement - The settlement date of the security, the date after issuance when the security is delivered to the buyer.

• maturity - The maturity or end date of the security, when it can be redeemed at face or par value.

• price - The price at which the security is bought.

Notes

• settlement and maturity should be entered using DATE, TO_DATE or other date parsing functions rather than by entering text.

• TBILLYIELD is equivalent to using YIELDDISC with US Treasury Bill conventions for the absent parameters.

See Also

YIELDDISC: Calculates the annual yield of a discount (non-interest-bearing) security, based on price.

YIELD: Calculates the annual yield of a security paying periodic interest, such as a US Treasury Bond, based on price.

In order to use the TBILLYIELD formula, start with your edited Excellentable:

Then type in the TBILLYIELD Formula in the area you would like to display the outcome:

By adding the values you would like to calculate the TBILLYIELD formula for, Excellentable will generate the outcome:

	A	B	C	D
1		Settlement	Maturity	Price
2		1/31/2012	2/28/2013	45
3		3/2/2014	5/1/2014	10
4		2/1/2011	6/30/2011	99
5		1/31/2014	12/31/2015	40
6		2/1/2015	6/30/2015	25
7
8	Result	0.024405125