beytbill
Bond equivalent yield for Treasury bill
Description
Examples
Find the Bond Equivalent Yield for a Treasury Bill
This example shows how to find the bond equivalent yield for a Treasury bill that has a settlement date of February 11, 2000, a maturity date of August 7, 2000, and a discount rate is 5.77.
Yield = beytbill(datetime(2000,2,11),datetime(2000,8,7), 0.0577)
Yield = 0.0602
Input Arguments
Settle
— Settlement date of Treasury bill
datetime array | string array | date character vector
Settlement date of the Treasury bill, specified as a scalar or a
NTBILLS
-by-1
vector using a
datetime array, string array, or date character vectors.
Settle
must be earlier than
Maturity
.
To support existing code, beytbill
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 as a scalar or a
NTBILLS
-by-1
vector using a
datetime array, string array, or date character vectors.
To support existing code, beytbill
also
accepts serial date numbers as inputs, but they are not recommended.
Data Types: char
| string
| datetime
Discount
— Discount rate of Treasury bill
decimal
Discount rate of the Treasury bill, specified as a scalar of a
NTBILLS
-by-1
vector of decimal
fraction values.
Data Types: double
Output Arguments
Yield
— Treasury bill yield
decimal
Version History
Introduced before R2006aR2022b: Serial date numbers not recommended
Although beytbill
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.
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