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Essay text:
Treasury bills are the safest and most secure type of investment wit a minimal level of risk. Its low risk is due to the credit of the U.S government insuring that all investments and interest would be paid on time. They are also easily converted to cash so its very liquid.
This paper explains everything one needs to know about Treasury bills and the treasury bills market. The paper begins by giving the characteristics of a Treasury bills, its lack of default risk, its liquidity, its tax status and its denomination. The second part of the paper gives the quotes on the T Bills, it gives how it is quoted, the bid quotes and the submission of the bids, and the ask quotes...
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