What Are Treasury Bills (T-Bills) and How Do They Work?
Treasury bills (T-bills) are a type of short-term debt instrument issued by the U.S. government with maturities ranging from a few days to 52 weeks. T-bills are sold in denominations of $1,000, $5,000, $10,000, and $100,000. T-bills are sold at a discount from par, which is the face value of the bill. The difference between … Read more