A Treasury bill has 102 days to maturity and is quoted in the market at 4.55. A Treasury bond with 105 days to maturity is quoted at 4.57. Which of these instruments is the more attractive investment, and why? The bill, because it has the lower yield quote; lower yields mean higher prices. The bill, because it has the higher EAY. The bond, because it pays a coupon and the bill does not. The bond, because it gets the benefit of capital gains taxation, while the bill does not. The bond, because it has the higher EAY