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Excel

YIELDMAT function in Excel

Returns the annual yield of a security that pays interest at maturity

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

YIELDMAT syntax and parameters

Six arguments, five required.

  • settlementnumberRequired

    The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.

  • maturitynumberRequired

    The security's maturity date. The maturity date is the date when the security expires.

  • issuenumberRequired

    The security's issue date, expressed as a serial date number.

  • ratenumberRequired

    The security's interest rate at date of issue.

  • prnumberRequired

    The security's price per $100 face value.

  • basisnumberOptional

    The type of day count basis to use.

YIELDMAT examples

Formulas you'll actually reuse.

  1. The yield implied by paying 100.386 for that note:

    =YIELDMAT(DATE(2026, 3, 15), DATE(2027, 1, 15), DATE(2026, 1, 15), 4%, 100.386, 0)

    Result0.035

  2. Flag notes yielding more than the benchmark in G2:

    =IF(YIELDMAT(B2, C2, D2, E2, F2) > G2, "Cheap", "Rich")

YIELDMAT in Google Sheets

Same name — your formula ports as-is.

Try YIELDMAT in the playground

Edit the example — nothing to install.

Preloaded with the YIELDMAT formula from Example 1 — change anything and watch it respond.

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