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Treasury Bills are short-term obligations, with a maturity of less than one year, issued by the U.S government. These Treasury Bills are sold at a discount from the face value, which means that instead of earning an interest rate for buying these bonds, you will get this Treasury bill at a discount price and at the expiration, you will be paid the face value at maturity. The difference between the price you pay for the Treasury bill and the face value of this treasury security at expiration is what you earn.
These Treasury bills are frequently bought and sold by the Federal Reserve during its Open Market Operations. In addition, because the money is not being tied up in them for long periods of time, the T-bills (Treasury bills) are highly liquid securities and this generally result in a lower yield rate than that of longer-term securities.
Treasury securities with longer (more than one year) maturity are called Treasury notes and the ones with very long maturities are called Treasury bonds.
This item gets historical data for US Treasury bill rates from the Federal reserve bank of St.Louis. The data is not seasonally adjusted. It is provided by the Board of Governors of the Federal Reserve System and is updated daily.
Here is a description of the four time-series downloaded by this item and theirs corresponding symbol:
^3-Month-Treasury-Bill: 3-Month Treasury bill, Secondary Market Rate. Data spans from 1954 to present.
^4-Week-Treasury-Bill: 4-Week Treasury bill, Secondary Market Rate. Data spans from 2001 to present.
^6-Month-Treasury-Bill: 6-Month Treasury bill, Secondary Market Rate. Data spans from 1960 to present.
^1-Year-Treasury-Bill: 1-Year Treasury bill, Secondary Market Rate. Data spans from 1959 to present.
Technical note:
The Treasury Bills data downloaded from the Federal reserve bank of St.Louis website contains dates with no values. In that case, the downloader will use the last available rate value for these empty dates.
Example for the one-year Treasury bill rates:
2008-10-10 - 1.03
2008-10-13 - .
2008-10-14 - 1.16
The item will update the data and here is the result:
2008-10-10 - 1.03
2008-10-13 - 1.03
2008-10-14 - 1.16
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.