Series 6: 4.2.11.1.1. Treasury Bill Quotes

Taken from our Series 6 Top-off Online Guide

4.2.11.1.1. Treasury Bill Quotes

Because Treasury bills are issued at a discounted price and do not offer periodic interest payments, their quotes are different from those of Treasury bonds. Treasury bills are quoted on a yield basis, rather than a price basis. The yield represents the discount to par value the investor receives. An investor will seek a larger discount and thus a larger yield. For this reason, when a T

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