U.S. Treasury Bill Auction RatesMarch 2009. The interest yields on U.S. Treasury securities in early 2009 fell

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U.S. Treasury Bill Auction Rates—March 2009. The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surrounding the global financial crisis.

Calculate the simple and annualized yields for the 3-month and 6-month Treasury bills auctioned on March 9, 2009, listed here.

3-Month T-Bill 6-Month T-Bill Treasury bill, face value $10,000.00 $10,000.00 Price at sale $9,993.93 $9,976.74 Discount $6.07 $23.26

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Ankit Jangra

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