create a short paper that describes how this rate has changed in recent months for the 3-month Treasury Bill series. Explain why the interest rate changed as it did.

(TB3MS) Observation Units: Frequency 1YI 5Y 10Y I Max 2016-03-01 to 2017-03-01 Monthly Mar 2017: 0.74 more Percent Not Seasonally Adjusted Updated: Apr 3, 2017 FRED 3-Month Treasury Bill: Secondary Market Rate 0.8 0.7 0.5 0.4 0.2 Apr 2016 May 2016 Jun 2016 Jan 2017 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 1940 Shaded areas indicate US recessions Source: Board of Governors of the Federal Reserve System (US) DOWNLOAD EDIT GRAPH Feb 2017 Mar 2017 fred.stlouisfed.org