Treasury Bills, T-Bills
Definition of 'Treasury Bills, T-Bills'
- 4-week bill (Announced Monday, auctioned Tuesday, settled Thursday)
- 3-month bill (aka 13-week bill). (Announced Thursday, auctioned Monday, settled Thursday)
- 6-month bill (aka 26-week bill). (Announced Thursday, auctioned Monday, settled Thursday)
- 12-month bill (aka 52-week bill). (Announced Thursday, auctioned Monday, settled Thursday)
Bills sell in minimum increments of $100 face value. i.e. the amount you will pay for the bill will be less than that but the maturity value will be in those increments.
Compare the following Treasury instruments:
- Treasury Bills (T-Bills)
- Treasury Notes, (T-Notes)
- Treasury Bonds, (T-Bonds)
- Treasury Inflation-Protected Securities (TIPS)
- Treasury STRIPS
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