Manuals/calci/TBILLYIELD

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TBILLYIELD(SettlementDate, MaturityDate, Price)

where,

  • is the Treasury Bill's settlement date (a date when the Treasury Bill is purchased)
  • is the Treasury Bill's maturity date (a date when the Treasury Bill expires)
  • is the Treasury Bill's price per $100 face value.

TBILLYIELD() calculates the yield for a Treasury Bill.

Description

TBILLYIELD(SettlementDate, MaturityDate, Price)

  • and should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
  • If >= , Calci displays #N/A error message.
  • should not be more than one year than that of . Else, Calci displays #N/A error message.
  • If <=0, Calci displays #N/A error message.
  • Formula:

If 'N' is number of days from 'Settlement' to 'Maturity', then TBILLYIELD is calculated as -

Examples

Consider the following example that shows the use of TBILLYIELD function:

06/25/2014
10/25/2014
97.5
=TBILLYIELD(A1,A2,A3) : Calculates the yield for treasury bill with the input values from the cells A1 to A3. 
Returns 0.07566204287515763 as a result. =TBILLYIELD(DATE(2013,10,20),DATE(2014,6,20),93.9) : Calculates the yield for treasury bill
with the values mentioned as arguments. Returns 0.09624107600678411 as a result.

See Also

References