Money Market Yield (CD equivalent yield)

The Money Market Yield measures the annual yield based on the number of days before the security matures.

rmm = (360 * rbd)/ (360 - (t * rbd))
  • rbd is Bank Discount Yield
  • t is Number of remaining Days to Maturity
  • rmm is Money Market Yield
Please refer to the Yields worksheet in Yields.xls

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