Fixed-Income Toolbox 1.8

Debt Instruments

You can use the Fixed-Income Toolbox to work with a variety of debt instruments. You can calculate price, yield, discount rate, and break-even discount rate for treasury bills, as well as determine price, yield, and cash-flow schedules for corporate, treasury, and municipal bonds. The zero-coupon functions in the Fixed-Income Toolbox facilitate the extraction of present value from virtually any fixed-coupon instrument for any time period.

Toolbox functions let you calculate price, yield, and cash-flow schedules for stepped-coupon bonds. The next coupon dates are computed automatically from the last entered input end dates. The payment due on settlement represents the accrued interest due on that day.

The Fixed-Income Toolbox provides functions for valuing zero-coupon and stepped-coupon debt instruments. These functions supplement existing coupon bond functions such as the zbtprice function used here to generate the spot and forward curve.