mtrm_st_ylds

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mtrm_st_ylds

mtrm_st_ylds (routine)

Calculate medium term note short term equivalent yields

Introduced in release: 1.0
Component: US Bonds
Purpose: Calculates the following short term security yield measures for a medium term note (a regular bond, odd first coupon bond, odd last coupon bond, and odd first and last coupon bond):

      Bad days yield - yield adjusted for weekends and holidays
      Money market yield - simple interest yield on a 360 day basis
      365 day yield - bad days yield on a 365 day basis
      Discount rate - equivalent discount rate

Special Considerations: This routine should be used only for short term medium term notes. If medium term notes with long maturities are used the routine will calculate meaningless numbers.

Alternatives: The mtrm_mmey_dr routine may be used instead of this routine, when only a money market equivalent yield and discount rate are required.

Notes: The maturity date used by this routine can be a maturity/redemption date.

Results: All results are accurate to as many places as supported by a double precision value.

Error Conditions: Returned values should be ignored for a non-zero status. See Errors.

Last Mod Date: 04/01/1992

Doc Version: 5.0