Catalog / Investment / Bond Equivalent Yield
Investment · Tool

Bond Equivalent Yield

Convert short-term bond yields to an annualized basis so you can fairly compare them against annual-pay bonds.

Bond type
Face value
$
Purchase price
$
Days to maturity
days
Holding period return
Years to maturity
Total return
Bond Equivalent Yield
%
annualized, semi-annual basis
PNG · made in your browser, nothing uploaded
Industry use cases
Treasury Trading Fixed income traders annualize Treasury bill yields to compare them against coupon bonds and identify profitable arbitrage opportunities.
Corporate Treasury Corporate treasurers compare short-term debt instruments like commercial paper against longer-term borrowing costs to optimize cash management.
Personal Investing Individual investors compare yields on short-term securities like T-bills and money market funds to longer-term bonds for portfolio allocation.
Fund Portfolio Analysis Bond fund managers annualize short-term instrument yields when evaluating rebalancing decisions between short and long-duration portfolio holdings.
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