Treasury Bills

MarketWatch  Mar 30  Comment 
Two U.S. Treasury bill auctions - $24 billion three-month bills and $26 billion in six-month bills - saw lower-than-expected demand, leading yields to close 0.5 basis point above the market's expectation. "Today's auctions probably suffered a bit...
The Economic Times  Mar 5  Comment 
The Reserve Bank of India will auction Rs 14,000 crore of treasury bills on March 11, including 80 billion rupees of 91-day t-bills and 6000 crore of 182-day t-bills.
The Economic Times  Jan 23  Comment 
The RBI will auction Rs. 14,000 crore ($2.28 billion) in treasury bills on January 28, including Rs 8,000 crore of the 91-day and Rs 6,000 crore of the 182-day treasury bills.
The Economic Times  Jan 9  Comment 
The Reserve Bank of India will auction 140 billion rupees ($2.25 billion) in treasury bills on Jan. 14.


The graph to the left is the discount rate for T-Bills with a 3-month maturity.

Treasury bills are short-term debt securities issued by the U.S. Government. They are issued in lengths of four weeks (30 days), three months (90 days), six months (180 days), and one year (360 days). However, the one year bill is currently no longer issued. Treasury bills are known as a zero coupon, or discount security, since it pays the interest and principal at maturity.

The rates listed on Treasury bills are known as discount rates. However, it is important know two things when purchasing Treasury bills:

  1. The discount rate is annualized
  2. The Treasury assumes that a year has 360 days




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