Series 65: Treasury Bills

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 bil