T Bills, also known as Treasury Bills are short term securities maturing in one year or less. You can find out more information about T Bills at http://www.treasurydirect.gov/instit/marketables/tbills/tbills.htm
The website businessdictionary.com offers a lot of information on T Bill, or treasury bill rates. These are short-term, typically three months, promissory notes.
The rates vary by length of time. You can get 7-15% it looks like according to treasury.gov
The current three month T-bill rate is 0.05. This rate is lower compared to the rates over the past three months, indicating a decrease in short-term interest rates.
The US Department of the Treasury calculate daily T Bill rates and provides the information in chart form for an entire month so you can see how it matures in different scenarios. Go to http://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=billrates to find the information.
Treasury notes or T bills are bought in $100 increments. They are sold at a discount and can be redeemed at maturity for face value. If you try to redeem them early you will lose interest on them.
The current 52-week T-bill rate is around 0.08. This rate is significantly lower than historical averages, which have typically been higher, ranging from 1 to 4 in recent years.
Forex rates are different than other rates because they fluctuate frequently with respect to the strength or weakness of the home currency's value on the world market. Other rates, such as the bank rate and all rates based on the bank rate (e.g. mortgage rates, t-bill rates, bond rates), do not fluctuate as frequently because they are more reflective of domestic monetary and fiscal policies.
T-Bill
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