Treasury-Bill Price, Yield and Discount Calculations

Treasury-Bill Price, Yield and Discount Calculations - Article

Treasury-Bill numericals test the relationship between **face value, purchase price, discount, tenor, and annualised yield**. This article explains the calculation logic for 91-day, 182-day, and 364-day T-Bills, the RBI actual/365 convention, price-yield relationship, discount yield versus investment yield, and common CAIIB calculation traps. It builds the conceptual foundation needed for accurate T-Bill numerical solving.