Treasury bill
Fixed IncomeDefinition
Short-term US government debt with maturities of 4, 8, 13, 17, 26, or 52 weeks. Sold at a discount to face value; the difference is the interest. Backed by the full faith and credit of the US government — considered risk-free.
Yields tracked the Fed Funds rate closely. T-Bill ETFs: SGOV (0-3M, 0.09% ER), BIL (1-3M, 0.14%). Money funds and savings substitutes have largely caught up to T-Bill yields, but T-Bills are still useful for tax-aware holders (state-tax-exempt income).
Yields tracked the Fed Funds rate closely. T-Bill ETFs: SGOV (0-3M, 0.09% ER), BIL (1-3M, 0.14%). Money funds and savings substitutes have largely caught up to T-Bill yields, but T-Bills are still useful for tax-aware holders (state-tax-exempt income).
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