yldtbill (Financial Toolbox)

Yield of Treasury bill.

Syntax

y = yldtbill(sd, md, rv, price)

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.

rv: Redemption (par, face) value.

price: Price of the Treasury bill.

Description

y = yldtbill(sd, md, rv, price)

returns the yield for a Treasury bill.

Example

The settlement date of a Treasury bill is February 10, 1992, the maturity date is August 6, 1992, the par value is $1000, and the price is $981.36. Using this data:

y = yldtbill('2/10/1992', '8/6/1992', 1000, 981.36)

returns

y =
    0.0384 (or 3.84%)