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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

Bodie, Kane, and Marcus, Investments, pages 41-43.

See Also

beytbill, bndyield, prtbill, yldmat

yldmat

zbtprice

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