T-bill equity

Returns the bond-equivalent yield of a Treasury bill.

Syntax

Tbilleq(Settlement, Maturity, Discount)

Where:

Settlement is the settlement date. This is the date on which the security is traded.

Maturity is the maturity date. This is the date on which the treasury bill expires.

Discount is the discount rate.

Expression

Where:

DSM is the number of days between settlement and maturity on 360-day basis.

Usage Notes

The Settlement date and the Maturity date should be included within single quotations in the expression for the expression to be considered as a valid expression.