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Treasury Bill (T-Bill)
indexes
| These indexes are based
on the results of auctions that the U.S. Treasury holds for its
Treasury bills, notes and bonds. Treasury bills are issued by the
U.S. government with maturities of 3, 6 months, and 1 year in order
to pay for the national debt and other expenses. ARMs tied to the
3-, 6-Mo, and 1Yr T-Bills usually adjust once every six months, once
each year, or once every three years accordingly. The 6-Month
Treasury Bill index (6-MoT-Bill) is the most often used.
The Treasury Bill indexes move with
the market and respond quickly to economic changes like the CMT
indexes. The following graph reflects the movement of the 3-, and
6-Month Treasury Bills and compares them with the 1-Year CMT index. |
3-, 6-Mo T-Bill vs. 1-Year CMT, 1994-2004
| The Treasury Bill indexes are
reported by the
Federal
Reserve Board. |
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