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EXCEL TBILLEQ FUNCTION
Excel TBILLEQ Function Introduction
The Tbilleq function in Excel computes the bond-equivalent yield on a Treasury Bill.
Description of Excel TBILLEQ Function
Syntax :
=TBILLEQ( settlement, maturity, discount )
Parameters :
- Settlement – The finance bill’s settlement date.
- Maturity – The bank bill’s maturity date.
- Discount – The percent discount rate on treasury notes.
Step By Step Guide of TBILLEQ Function
Example :
The Excel Tbilleq function was used to determine the bond-equivalent yield for a treasury bill with a settlement date of 01-Feb-2017, a maturity date of 30-Jun-2017, and a 2.5 percent discount: The Tbilleq function above yields the value 0.025612238. (i.e. 2.56 percent ).
Key Points
- #NUM! – Occurs if one of the following conditions is met: the settlement date is the maturity date, or the maturity date is more than one year after the settlement date, or The provided discount parameter is 0.
- #VALUE! – Occurs if the settling or maturity parameters are invalid dates, or if any of the provided arguments is non-numeric.
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