[{"data":1,"prerenderedAt":66},["ShallowReactive",2],{"term:treasury-bill":3},{"term":4,"related":53},{"id":5,"title":6,"body":7,"category":35,"description":36,"extension":37,"faq":38,"meta":39,"navigation":40,"path":41,"related":42,"seo":46,"stem":47,"takeaways":48,"__hash__":52},"terms\u002Fterms\u002Ftreasury-bill.md","Treasury Bill (T-Bill)",{"type":8,"value":9,"toc":29},"minimark",[10,15,19,22,26],[11,12,14],"h2",{"id":13},"understanding-treasury-bill","Understanding Treasury Bill",[16,17,18],"p",{},"T-bills are sold at a discount to face value and pay no coupon; your return is the difference between the purchase price and the face value paid at maturity.",[16,20,21],{},"Because they are backed by the U.S. government and mature quickly, T-bills are considered among the safest investments and are often used as the risk-free rate in finance.",[11,23,25],{"id":24},"example","Example",[16,27,28],{},"Buy a 26-week T-bill with a $1,000 face value for $975. At maturity you receive $1,000, a $25 return.",{"title":30,"searchDepth":31,"depth":31,"links":32},"",2,[33,34],{"id":13,"depth":31,"text":14},{"id":24,"depth":31,"text":25},"investing","A short-term U.S. government debt security that matures in one year or less.","md",[],{},true,"\u002Fterms\u002Ftreasury-bill",[43,44,45],"bond","yield","yield-curve",{"title":6,"description":36},"terms\u002Ftreasury-bill",[49,50,51],"T-bills mature in a year or less.","They are sold at a discount instead of paying interest.","They are a common benchmark for the risk-free rate.","RszcvxwiZ1XWxBe6QhcWzb8MP9l_i7v5pQjwUgBmhNM",[54,58,62],{"title":55,"description":56,"path":57},"Bond","A loan an investor makes to a government or company in exchange for interest payments.","\u002Fterms\u002Fbond",{"title":59,"description":60,"path":61},"Yield","The income an investment produces, as a percentage of its price.","\u002Fterms\u002Fyield",{"title":63,"description":64,"path":65},"Yield Curve","A chart of interest rates on bonds of the same credit quality across different maturities.","\u002Fterms\u002Fyield-curve",1793374006139]