Financial Toolbox™

yldtbill - Yield of Treasury bill

Syntax

Yield = yldtbill(Settle, Maturity, Face, Price)

Arguments

`Settle`	Settlement date. Enter as serial date number or date string. `Settle` must be earlier than or equal to `Maturity`.
`Maturity`	Maturity date. Enter as serial date number or date string.
`Face`	Redemption (par, face) value.
`Price`	Price of the Treasury bill.

Description

Yield = yldtbill(Settle, Maturity, Face, Price) returns the yield for a Treasury bill.

Examples

The settlement date of a Treasury bill is February 10, 2000, the maturity date is August 6, 2000, the par value is $1000, and the price is $981.36. Using this data

Yield = yldtbill('2/10/2000', '8/6/2000', 1000, 981.36)

returns

Yield =

        0.0384 (or 3.84%)

References