T-Bill rates
I have question on T-Bills. A CD deposit gives a rate of .75%, but a T-Bill gives a rate of .12 or .09. Does that mean the T-Bill is giving .12% or .09% or 12% and 9%?
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TBill can be any maturity 1 yr or less, and each maturity will have a different rate. The .09 literally does mean .09% in this case.
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