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

Discount rate and other information calculated by FYIcenter.com:

Discount rate: 2.2600%.

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

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Sensibility Tests: 

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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:

• Discount Rate of US Treasury Bill
• YTM (Yield To Maturity) on US T-Bill

⇒ Discount Rate to YTM Converter for T-Bills

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

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