Series 79: Treasury Bills

Taken from our Series 79 Top-off Online Guide

Treasury Bills

Treasury bills, commonly known as T-bills, are short-term government securities. T-bills are available with 4-week, 13-week, 26-week, and 52-week terms. They are sold at a discount to par value and redeemed at maturity for par value; they do not pay periodic interest, and in this respect are like zero coupon bonds.

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