act/act
Actual/365 is the day-count convention used for US Treasury bonds.
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.
Actual/360 is the day-count convention used for T-bills.
Actual/360 is the day-count convention used for commercial paper.
30/360 - for corporate bonds, agency and municipal bonds, mortgage backed securities Actual/360 - for T-bills, commercial paper Actual/365 - US Treasury bonds
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.
US T-Bills use a/360
open market operations