Treasury Bill Current Rate refers to the rates in which the Treasury Bills are being marketed currently.
A Treasury Bill (T-Bill) is a form of marketable security which is issued by the U.S. Government directly. The maturity period of a Treasury Bill is one year or even less. They are similar to zero-coupon bonds because the payment of interest is not received before maturity, rather the Treasury Bills are marketed at a discount on the face value in order to produce a positive YTM (Yield to Maturity). Treasury Bills are regarded as the most risk-free investment in the United States.
Usually, Treasury Bills are issued in the following forms:
Treasury Bills with maturity date of 28 days (~1 month)
Treasury Bills with maturity date of 91 days (~3 months)
Treasury Bills with maturity date of 182 days (~6 months)
The issue of Treasury Bills is done every Friday following the weekly auctions held on Wednesday at about 12 O'clock (noon). The buying orders at Treasury Direct has to be placed earlier than 11:30 a.m. on Monday's auction. The redemption of the matured T-Bills is done on every Thursday. Financial Institutions, Banks (particularly Primary Dealers) buy the maximum number of Treasury Bills. For buying and selling of Treasury Bills in the Secondary Market, the quotes are available and the quotes are based on the yearly percentage YTM (Yield to Maturity).
Informations on Treasury Bill Current Rate:
| Bills |
Maturity Date |
Discount/Yield |
Discount/Yield Change |
Time |
| 3-Month |
09/13/2007 |
4.43 / 4.55 |
0.01 / -.001 |
06/15 |
| 6-Month |
12/13/2007 |
4.66 / 4.85 |
0.01 / -.001 |
06/15 |
The Treasury Bill Current Rate is calculated as the average of the bond equivalent rates of the 91-day Treasury Bills auctioned during the quarter.
The United States Treasury has launched a website called TreasuryDirect, which allows individual investors to buy Treasury Bills and other types of Treasury Securities from the U.S. Government directly. With the help of TreasuryDirect, T-Bills can be bought Online and funds can be withdrawn and deposited to the personal bank accounts of the investors. T-Bills facilitate investors to have more earnings on their savings.