# tbillval01

Value of one basis point

## Syntax

``[Val01Disc,Val01MMY,Val01BEY] = tbillval01(Settle,Maturity)``

## Description

example

````[Val01Disc,Val01MMY,Val01BEY] = tbillval01(Settle,Maturity)` calculates the value of one basis point of \$100 Treasury bill face value on the discount rate, money-market yield, or bond-equivalent yield.```

## Examples

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This example shows how to compute the value of one basis point, given a Treasury bill with the following settle and maturity dates.

```Settle = '01-Mar-03'; Maturity = '30-June-03'; [Val01Disc, Val01MMY, Val01BEY] = tbillval01(Settle, Maturity)```
```Val01Disc = 0.0034 ```
```Val01MMY = 0.0034 ```
```Val01BEY = 0.0033 ```

This example shows how to use `datetime` inputs to compute the value of one basis point, given a Treasury bill with the following settle and maturity dates.

```Settle = datetime(2003,3,1); Maturity = datetime(2003,6,30); [Val01Disc, Val01MMY, Val01BEY] = tbillval01(Settle, Maturity)```
```Val01Disc = 0.0034 ```
```Val01MMY = 0.0034 ```
```Val01BEY = 0.0033 ```

## Input Arguments

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Settlement date of the Treasury bill, specified as a scalar or a `NTBILLS`-by-`1` vector of serial date numbers, date character vectors, or datetime arrays. `Settle` must be earlier than `Maturity`.

Data Types: `double` | `char` | `datetime`

Maturity date of the Treasury bill, specified as a scalar or a `NTBILLS`-by-`1` vector of serial date numbers, date character vectors, or datetime arrays.

Data Types: `double` | `char` | `datetime`

## Output Arguments

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Value of one basis point of discount rate for every \$100 face, returned as a `NTBILLS`-by-`1` vector.

Value of one basis point of money-market yield for every \$100 face, returned as a `NTBILLS`-by-`1` vector.

Value of one basis point of bond-equivalent yield for every \$100 face, returned as a `NTBILLS`-by-`1` vector.

 SIA Fixed Income Securities Formulas for Price, Yield, and Accrued Interest. Volume 1, 3rd edition, pp. 44–45.

 Krgin, D. Handbook of Global Fixed Income Calculations. Wiley, 2002.

 Stigum, M., Robinson, F. Money Market and Bond Calculation. McGraw-Hill, 1996.