basic

T-Bill Bond-Equivalent Yield Calculator

BEY = (FV − Price) / Price · 365 / days.

Compute the bond-equivalent yield (a.k.a. investment yield) of a US Treasury bill, using the 365-day convention and Price as the denominator: BEY = (FV − P) / P · 365 / days.

Nadia Almasri By Nadia Almasri
Published Last reviewed 1 min read

Inputs

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Results

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How to use this calculator

  1. Fill in the inputs above using the units you already have.
  2. Values update automatically as you type — no submit button needed.
  3. Hover any result row for the underlying formula and intermediate values.

Formula

BEY = (FV − P) / P · 365 / days

In depth

Compute the bond-equivalent yield (a.k.a. investment yield) of a US Treasury bill, using the 365-day convention and Price as the denominator: BEY = (FV − P) / P · 365 / days.