Series 66: Treasury Bills

Taken from our Series 66 Online Guide

Treasury Bills

Treasury bills (T-bills) are a discount bond having a maturity of one year or less. They are sold in denominations of $100 up to $5 million; common maturities are 1 month (4 weeks), 3 months (13 weeks), 6 months (26 weeks), and a year.

As opposed to coupon bonds, which pay periodic interest, Treasury bills

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