T-Bills
A T-Bill is not a bond.
- issued by the federal government for terms of 91 or 182 days
- in bearer form (nearly always)
- denominations: $1000, $5,000, $25,000, $100,000, $1 million
- pay no interest: sold at a discount (below par/face value) and mature at par
- return = yield = different than issue price and par
- return taxed as income (not capital gains)
page revision: 1, last edited: 27 Jul 2007 03:22