TBILLEQ

The Excel TBILLEQ function returns the bond-equivalent yield for a Treasury bill, based on a settlement date, a maturity date, and a discount rate. In the example shown, the settlement date is 5-Feb-2019, the maturity date is 1-Feb-2020, and the discount rate is 2.54%. The formula in F5 is: With these inputs, the TBILLEQ function returns a yield of 2.53%, with percentage number format applied. In Excel, dates are serial numbers. Generally, the best way to enter valid dates is to use cell references, as shown in the example. To enter valid dates directly inside a function, the DATE function is the best option. A treasury bill (also called a T-Bill) is a short-term debt obligation issued by the US Treasury Department. T-Bills are sold in increments of $100, and have terms that range from a f