Yesterday, the ask yield on a 50-day, $1,000,000 on-the-run Treasury bill was 3% on a bank discount

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Yesterday, the ask yield on a 50-day, $1,000,000 on-the-run Treasury bill was 3% on a bank discount basis. what is The CD equivalent yield for this security ?

Posted Date: May 08, 2024 03:34 AM

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Yesterday, the ask yield on a 50-day, $1,000,000 on-the-run Treasury bill was 3% on a bank discount

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To calculate the CD equivalent yield for a Treasury bill we need t... View the full answer

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