Treasury bills

Cultural  

1. Securities issued by the U.S. government. T-bills normally have fixed terms; that is, the purchaser cannot take possession of the accrued interest for a fixed period of time after purchase. T-bills are auctioned by the Treasury each week; the auction determines the six-month interest rate.

---

Example Sentences

It refers to the rate charged on overnight money, and it feeds through to things like the three-month yield on Treasury bills.

From MarketWatch

It will also tend to keep prices of Treasury bills elevated, meaning yields will be lower.

From Barron's

The Fed’s plan to start buying $40 billion of Treasury bills per month beginning Friday, which it announced after the end of its policy meeting on Wednesday, was widely seen as a liquidity injection.

From MarketWatch

Gundlach made the point that the Fed announcing it will buy Treasury bills was not quantitative easing, but moves the central bank in that direction.

From MarketWatch

He also predicts that more rate cuts by the Federal Reserve will make “dividend yield more attractive than it has been in a number of years,” relative to Treasury bills and money-market funds.

From Barron's