Returns the yield for a Treasury bill.
If this function is not available, and returns the #NAME? error, install and load the Analysis ToolPak add-in.
Syntax
TBILLYIELD(settlement,maturity,pr)
Important Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
Settlement is the Treasury bill's settlement date. The security settlement date is the date after the issue date when the Treasury bill is traded to the buyer.
Maturity is the Treasury bill's maturity date. The maturity date is the date when the Treasury bill expires.
Pr is the Treasury bill's price per $100 face value.
Remarks
where:
DSM = number of days from settlement to maturity, excluding any maturity date that is more than one calendar year after the settlement date.
Example
The example may be easier to understand if you copy it to a blank worksheet.
Selecting an example from Help
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