Skip to content
xlsoffice. All Rights Reserved
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Lookup and Reference Examples

  • Last row number in range
  • How to use Excel MMULT Function
  • MATCH function: Description, Usage, Syntax, Examples and Explanation
  • Basic INDEX MATCH approximate in Excel
  • Find closest match in Excel

Data Analysis Examples

  • How to create a Histogram in Excel
  • Conditional Formatting Data bars Examples in Excel
  • How to calculate current stock or inventory in Excel
  • Get column index in Excel Table
  • Reverse List in Excel

Data Validation Examples

  • Excel Data validation no punctuation
  • Excel Data validation whole percentage only
  • Excel Data validation must contain specific text
  • Excel Data validation must not contain
  • Excel Data validation require unique number

YIELDMAT function: Description, Usage, Syntax, Examples and Explanation

by

What is YIELDMAT function in Excel?

YIELDMAT function is one of the Financial functions in Microsoft Excel that returns the annual yield of a security that pays interest at maturity.

Syntax of YIELDMAT function

YIELDMAT(settlement, maturity, issue, rate, pr, [basis])

The YIELDMAT function syntax has the following arguments:

  • Settlement: The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
  • Maturity: The security’s maturity date. The maturity date is the date when the security expires.
  • Issue: The security’s issue date, expressed as a serial date number.
  • Rate: The security’s interest rate at date of issue.
  • Pr: The security’s price per $100 face value.
  • Basis(Optional): The type of day count basis to use.

Note: Problems can occur if dates are entered as text. Therefore, all dates should be entered by using the DATE function, or formatted as date under format cell to avoid errors.

Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

YIELDMAT formula explanation

  • Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, January 1, 1900 is serial number 1, and January 1, 2008 is serial number 39448 because it is 39,448 days after January 1, 1900.
  • The settlement date is the date a buyer purchases a coupon, such as a bond. The maturity date is the date when a coupon expires. For example, suppose a 30-year bond is issued on January 1, 2008, and is purchased by a buyer six months later. The issue date would be January 1, 2008, the settlement date would be July 1, 2008, and the maturity date would be January 1, 2038, which is 30 years after the January 1, 2008, issue date.
  • Settlement, maturity, issue, and basis are truncated to integers.
  • If settlement, maturity, or issue is not a valid date, YIELDMAT returns the #VALUE! error value.
  • If rate < 0 or if pr ≤ 0, YIELDMAT returns the #NUM! error value.
  • If basis < 0 or if basis > 4, YIELDMAT returns the #NUM! error value.
  • If settlement ≥ maturity, YIELDMAT returns the #NUM! error value.

Example of YIELDMAT function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.

Data Description
15-Mar-08 Settlement date
3-Nov-08 Maturity date
8-Nov-07 Issue date
6.25% Percent semiannual coupon
100.0123 Price
0 30/360 basis (see above)
Formula Description (Result) Result
=YIELDMAT(A2,A3,A4,A5,A6,A7) The yield, for the bond with the terms above (0.060954 or 6.10%) 6.10%

Post navigation

Previous Post:

ACCRINT function: Description, Usage, Syntax, Examples and Explanation

Next Post:

IS functions: ISBLANK, ISERR, ISERROR, ISLOGICAL, ISNA, ISNONTEXT, ISNUMBER, ISREF, ISTEXT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others
  • Manipulating text strings using Left, Mid, Right, Len, Substitute in Excel
  • Put names into proper case — Manipulating NAMES in Excel
  • Get last name from name with comma — Manipulating NAMES in Excel
  • How to calculate Number of Instances in Excel
  • How to split text with delimiter in Excel
  • WEEKDAY function: Description, Usage, Syntax, Examples and Explanation
  • Calculate time difference in hours as decimal value in Excel
  • Get last working day in month in Excel
  • ISOWEEKNUM function: Description, Usage, Syntax, Examples and Explanation
  • How to calculate most recent day of week in Excel
  • ODDFYIELD function: Description, Usage, Syntax, Examples and Explanation
  • NOMINAL function: Description, Usage, Syntax, Examples and Explanation
  • INTRATE function: Description, Usage, Syntax, Examples and Explanation
  • XIRR function: Description, Usage, Syntax, Examples and Explanation
  • PMT, RATE, NPER, PV and FV Financial Functions in Excel
Acronyms, Abbreviations, Initialism & What They Stand For
© 2021 xlsoffice. All Rights Reserved | Teal Smiles