In the fall of 2010, the author of this book received an offering sheet for very short-term

Question:

In the fall of 2010, the author of this book received an offering sheet for very short-term Treasury bills from a The offering price for a few of the issues exceeded the value of the Treasury bill. When the author inquired if this was an error, the stated that it was not and that there were institutional investors who were buying very short-term Treasury bills above the value. What does that mean in terms of the yield such investors were willing to receive at that time? Broker
A broker is someone or something that acts as an intermediary third party, managing transactions between two other entities. A broker is a person or company authorized to buy and sell stocks or other investments. They are the ones responsible for... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...