TBILLEQ function
Returns the bond-equivalent yield for a Treasury bill
Syntax
TBILLEQ(settlement, maturity, discount)Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| settlement | Yes | The Treasury bill's settlement date."2008-3-31" |
| maturity | Yes | The Treasury bill's maturity date."2008-6-1" |
| discount | Yes | The Treasury bill's discount rate.9.14% |
Try TBILLEQ
Convert a short bill discount to a bond-equivalent yield
=TBILLEQ(A2,B2,C2)For this 90-day bill, the short-maturity formula is 365*discount/(360-discount*days). The result annualises on a 365-day basis and uses the bill price implied by its discount.
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TBILLEQ · top-level call
=TBILLEQ(A2,B2,C2)Follow the cells behind a result
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.