beytbill (Financial Toolbox)

Bond equivalent yield for Treasury bill.

Syntax

y = beytbill(sd, md, disc)

Arguments

sd: Settlement date. Enter as serial date number or date string. sd must be earlier than or equal to md.

md: Maturity date. Enter as serial date number or date string.

disc: Discount rate of the Treasury bill. Enter as decimal fraction.

Description

y = beytbill(sd, md, disc)

returns the bond equivalent yield for a Treasury bill.

Example

The settlement date of a Treasury bill is February 10, 1992, the maturity date is August 6, 1992, and the discount rate is 3.77%. The bond equivalent yield:

y = beytbill('2/10/1992', '8/6/1992', 0.0377)
y =
    0.0389