If you are buying or selling a US Treasury Bill, you can use this online tool to calculate the price for a $100 face value from a given YTM (Yield To Maturity). Other performance measures are also provided, including interest income at maturity.

Buying/selling price and other information calculated by FYIcenter.com:

Unit price: $97.7149 for $100.00 face value.

Security Details:
  Security type: US Treasury Bill
  Unit price: $97.7149 for $100.00 face value
  Accrued interest: $0.00 for $1,000.00 face value.
  Totoal price: $977.1494 for $1,000.00 face value
  Discount rate: 2.2600%
  BEY (Bond Equivalent Yield): 2.3314%
  YTM (Yield To Maturity): 2.3450%.
  Maturity date: 2027-07-14
  Days/months/years/weeks left: 364/11.97/1.00/52.00

Income Information:
  Interest income for 2027: $22.85
  Capital gain income for 2027: $0.00
  Total income: $22.85

--------------------------------------------
Sensibility Tests: 
        YTM    Chg Val |     Price    Chg Rate
  ---------  --------- |  ---------  ---------
    2.3450%   baseline |   $97.7149   baseline
    2.4450%     0.1000 |   $97.6198   -0.0973%
    3.3450%     1.0000 |   $96.7720   -0.9650%

--------------------------------------------
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The following formulas are used in the above calculations:

$F=P\times {(1+y)}^T$
$P=\text{Purchase price}$
$F=\text{Face value}$
$y=\text{YTM (Yield To Maturity)}$
$T={\displaystyle \frac{\mathrm{Days}}{\mathrm{Year}}}=\text{Time in years}$
$\mathrm{Days}=\text{Days to maturity}$
$\mathrm{Year}=\text{365 or 366}=\text{Actual number of days in the year}$

For more information, see the following tutorial:

• YTM (Yield To Maturity) on US T-Bill

⇒ Price to YTM (Yield To Maturity) Converter for T-Bills

⇐ Discount Rate to BEY Converter for T-Bills

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