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Six-month T-bills currently yield 3.3%, one-year T-bills currently yield 3.50% APR, and 18-month T-bills currently yield 3.80% APR. What is the markets expectation of the
Six-month T-bills currently yield 3.3%, one-year T-bills currently yield 3.50% APR, and 18-month T-bills currently yield 3.80% APR. What is the markets expectation of the six-month interest rate beginning one year from today? (That is, what is t=12-months to t=18-months forward rate)?
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