T-Bill

Key Features of T-Bill

  1. T-Bill Eq - Bond Equivalent Yield of Treasury Bills from settlement date, maturity date , (or time to maturity in days, months and years) and discount rate
  2. T-Bill Price Returns the price per $100 face value for a Treasury bill from from settlement date, maturity date , (or time to maturity in days, months and years) and discount rate.
  3. T-Bill Yield - Returns the yield for a Treasury bill from settlement date, maturity date , (or time to maturity in days, months and years) and price. Face value of Treasury Bill is $100.

Terminology

  1. Settlement date 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.
  2. Maturity is the Treasury bill's maturity date. The maturity date is the date when the Treasury bill expires.
  3. Discount is the Treasury bill's discount rate.
Video Code: