yldtbill

Yield of Treasury bill

Syntax

Yield = yldtbill(Settle,Maturity,Face,Price)

Description

Yield = yldtbill(Settle,Maturity,Face,Price) returns the yield for a Treasury bill.

Examples

Find the Yield for a Treasury Bill

This example shows how to return the yield for a Treasury bill, given 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.

Yield = yldtbill('2/10/2000', '8/6/2000', 1000, 981.36)

Yield = 
0.0384

Find the Yield for a Treasury Bill Using datetime Inputs

This example shows how to use datetime inputs to return the yield for a Treasury bill, given 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.

Yield = yldtbill(datetime(2000,2,10), datetime(2000,8,6), 1000, 981.36)

Yield = 
0.0384

Input Arguments

Settle — Settlement date of Treasury bill

datetime array | string array | date character vector

Settlement date of the Treasury bill, specified using a datetime array, string array, or date character vectors. The Settle date must be before the Maturity date.

To support existing code, yldtbill also accepts serial date numbers as inputs, but they are not recommended.

Data Types: char | string | datetime

Maturity — Maturity date of Treasury bill

datetime array | string array | date character vector

Maturity date of the Treasury bill, specified using a datetime array, string array, or date character vectors.

To support existing code, yldtbill also accepts serial date numbers as inputs, but they are not recommended.

Data Types: char | string | datetime

Face — Redemption value of Treasury bill

numeric

Redemption value (par value) of the Treasury bill, specified as a scalar or vector using numeric values.

Data Types: double

Price — Price of Treasury bill

numeric

Price of the Treasury bill, specified as a scalar or vector using numeric values.

Data Types: double

Output Arguments

Yield — Yield for Treasury bill

numeric

Yield for Treasury bill, returned as a scalar or vector of numeric values.

References

[1] Bodie, Kane, and Marcus. Investments. McGraw-Hill Education, 2013.

Version History

Introduced before R2006a

R2022b: Serial date numbers not recommended

Although yldtbill supports serial date numbers, datetime values are recommended instead. The datetime data type provides flexible date and time formats, storage out to nanosecond precision, and properties to account for time zones and daylight saving time.

To convert serial date numbers or text to datetime values, use the datetime function. For example:

t = datetime(738427.656845093,"ConvertFrom","datenum");
y = year(t)

y =

        2021

There are no plans to remove support for serial date number inputs.