Actual/365 is the day-count convention used for US Treasury bonds.
Act/365
The letter x.
x
The letter x.
It is equally close to both. If you are expected to round, the usual convention is to round up (to 30) in such cases - although sometimes other rules are used as well.It is equally close to both. If you are expected to round, the usual convention is to round up (to 30) in such cases - although sometimes other rules are used as well.It is equally close to both. If you are expected to round, the usual convention is to round up (to 30) in such cases - although sometimes other rules are used as well.It is equally close to both. If you are expected to round, the usual convention is to round up (to 30) in such cases - although sometimes other rules are used as well.
act/act
Actual/365 is the day-count convention used for US Treasury bonds and notes.
30/360 is the day-count convention used for corporate bonds.
Act/365
I think it may be 30/360.
Congress uses Savings Bonds and treasury bills and notes to help fund government operations. The money that people pay for the instruments is used immediately with a promise to pay that person the face value plus interest of the instrument (bond) when it matures.
Congress uses Savings Bonds and treasury bills and notes to help fund government operations. The money that people pay for the instruments is used immediately with a promise to pay that person the face value plus interest of the instrument (bond) when it matures.
open market (A+)
open market operations
30/360 - for corporate bonds, agency and municipal bonds, mortgage backed securities Actual/360 - for T-bills, commercial paper Actual/365 - US Treasury bonds
In most cases, for financial reasons. Bonds used in this way get beneficial tax treatment. Many people bought them just for this purpose.
The Victoria and Albert Museum was used as a zoo, prison, and treasury.