6. Go to www.treasurydirect.gov. Under Individuals, go to Treasury Bills, Notes, Bonds, TIPS, and FRNs. Click on
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6. Go to www.treasurydirect.gov. Under “Individuals,” go to
“Treasury Bills, Notes, Bonds, TIPS, and FRNs.” Click on
“Treasury Notes.” Under “at a glance,” click on “rates in recent auctions.” Use the list of Recent Note, Bond, and TIPS Auction Results to answer the following questions.
a. What are the interest rates on 2-year and 10-year notes?
b. How do the interest rates on the 2-year and 10-year notes relate to each other? Why is the interest rate on the 10-year note higher (or lower) than the interest rate on the 2-year note?
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