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Calculates the yield of a US Treasury Bill based on price.
TBILLYIELD(DATE(2010,1,2), DATE(2010,12,31), 98.45)
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.
maturity should be entered using
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.
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.