The yield on Treasury bills, also known as T-bills, is influenced by a number of factors, including the current Fed rate and the rate of inflation. Many, or all, of the products featured on this page ...

As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk ...

What do President Donald Trump’s campaign to oust Federal Reserve Chair Jerome Powell, legislation to regulate digital stablecoins, and the Treasury’s debt-management practices have to do with one ...