yldtbill (Financial Toolbox)

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.

`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%)
```

See Also

beytbill, bndyield, prtbill, yldmat

References

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

yldmat zbtprice