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

BEY and other information calculated by FYIcenter.com:

BEY (Bond Equivalent Yield): 2.3314%.

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: 2027-01-14
  Days/months/years/weeks left: 364/12.00/1.00/52.00

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

--------------------------------------------
Sensibility Tests: 
        YTM    Chg Val |        BEY    Chg Val
  ---------  --------- |  ---------  ---------
    2.3450%   baseline |    2.3314%   baseline
    2.4450%     0.1000 |    2.4302%     0.0988
    3.3450%     1.0000 |    3.3174%     0.9860

--------------------------------------------
Related Conversion Tools:
  Discount Rate to Price Converter for T-Bills
  Price to Discount Rate Converter for T-Bills
  BEY (Bond Equivalent Yield) to Price Converter for T-Bills
  Price to BEY (Bond Equivalent Yield) Converter for T-Bills
  BEY to Discount Rate Converter for T-Bills
  Discount Rate to BEY Converter for T-Bills
  YTM (Yield To Maturity) to Price Converter for T-Bills
  Price to YTM (Yield To Maturity) Converter for T-Bills
  YTM to Discount Rate Converter for T-Bills
  Discount Rate to YTM Converter for T-Bills
  YTM to BEY (Bond Equivalent Yield) Converter for T-Bills
  BEY (Bond Equivalent Yield) to YTM Converter for T-Bills

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:

• BEY (Bond Equivalent Yield) of Short US Treasury Bill
• BEY (Bond Equivalent Yield) of Long US Treasury Bill
• YTM (Yield To Maturity) on US T-Bill

⇒ BEY (Bond Equivalent Yield) to YTM Converter for T-Bills

⇐ Discount Rate to YTM Converter for T-Bills

⇑ Tools on US Treasury Securities

⇑⇑ Financial Tools