Treasury Bills

Chapter 6 page 7

The difference between Treasury Bills (T-bills) and government bonds is that T-bills have much shorter maturity. The federal government issue T-bills weekly with maturities ranging from 91 days to 364 days.

T-bills are sold on Tuesdays at auction by the Bank of Canada. The bidders can only be chartered banks and investment dealers. Individuals can but T-bills at financial institutions.

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