3 ms·
Doesnt make much difference with T-bills. They dont pay interest per se, they just have a single maturity payment, you buy at a discount, or in this case no dis
by justincormack 11y ago
Doesnt make much difference with T-bills. They dont pay interest per se, they just have a single maturity payment, you buy at a discount, or in this case no discount.
Also governments rarely default on bills (1 year or less maturity) only on longer dated bonds (over a year), for slightly unclear reasons.