TO THE INFINITYSign in
SOVEREIGN SHORT-TERM MONEY

Treasury bills,
country by country.

Compare the instruments governments use for short-term funding and the channels connecting auctions, banks, funds, central banks, collateral markets, and redemption.

TREASURYIssues · redeemsPRIMARY DEALERSAuction bidsFUNDS & BANKSCash investmentSECONDARY / REPOLiquidity · collateral
DEFINITION

What a bill is

Short maturityA bill is generally a discount or short-term government security, commonly maturing within one year. Local conventions differ.

YieldA bill yield is set in auctions and secondary trading. It is not the same as a central-bank policy rate or a 10-year government-bond yield.

ComparabilityTax, day-count, auction, settlement, currency, access, and credit conditions differ. This page links official sources instead of mixing non-comparable quotes.