YIELD Function in Excel: Bond Yield From Its Price

⏱ 1 min readUpdated 28 September 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. Related functions

YIELD is the reverse of PRICE: what annual return you lock in if you buy at today’s price and hold to maturity.

Syntax

=YIELD(settlement, maturity, rate, pr, redemption, frequency, [basis])
Argument What it means
pr Price per 100.

Examples

Example 1

=YIELD(DATE(2019,11,1), DATE(2029,11,1), 7%, 96.5, 100, 2)

About 7.5%.

PRICE · RATE

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