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oBondIE_EYield( ) - Irish Government Bond Equivalent Yield Function


Resolution - Bond Pricing



Function Definition

oBondIE_EYield(PriceMethod, PriceOrYield, SettlementDate, DatedDate, FirstCpnDate, MaturityDate, FaceValue, CouponRate, HolidaySchedule, OutputFlag)

Calculates equivalent yield(s) using Irish Government bond pricing conventions. Returns a number of equivalent yields.



Bond Types

Irish Government bonds (IGB's)



Function Parameters





Parameter Type




Price Method


Indicates whether the PriceOrYield argument contains the clean price or the yield.


Enumerated Constant

1 - Clean Price
2 - Yield


The clean price or the yield for the bond.




PriceOrYield > 0

Settlement Date


Valuation date of the bond.




SetDate < MatDate

Dated Date


Date on which the bond begins to accrue interest.





First CpnDate


Date that the first coupon is paid. Only required if bond has an odd first coupon period. If not required, leave either blank or enter 0 as the date.




F.C.D > DatedDate
< P.C.D
F.C.D < MatDate

Maturity Date


Maturity date of the bond.





Face Value


Redemption value for the bond paid at maturity.




FaceValue >= 0

Coupon Rate


Coupon rate of the bond, expressed as a decimal.



Coupon Rate >= 0

Holiday Schedule


Schedule of non-business days (excluding weekends).


Date Range


Leave blank if not applicable

Output Flag


Indicates which result, or set of results, will be displayed in the worksheet. When returning more than one value, the function must be entered as an array function. Entering a 0 will output Domestic Yield, followed by all other equivalent yields (1-10).


Enumerated Constant


0 - All Equiv Yields
1 - Annual Yield
2 - Semi-Ann Yield
3 - Quarterly Yield
4 - Monthly Yield
5 - True Yield
6 - US Street Yield
7 - US Treasury Yield
8 - JGB Simple Yield
9 - MM actual/360
10 - MM actual/365







See Also

Parameter Types

Irish (IGB's) Bond Pricing Conventions

oBond3_EYield( ) - Generic Bond Equivalent Yield Function 3

oBondIE_CFM( ) - Irish Government Bond Cash Flow Map Function

oBondIE_Price( ) - Irish Government Bond Price Function

oBondIE_Yield( ) - Irish Government Bond Yield Function

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