The Treasury bill rate is generally viewed as the representative money market rate. For this reason bill rates are almost always used in studies of the determinants of short-term interest rate levels and spreads, and bill rates are typically used as the index rate for variable-rate financial...

The purpose of this paper is to explore the reasons underlying the variable and sometimes very large differentials between United States Treasury bill rates and private sector U.S. money market rates of comparable maturity

We study the yields in the German treasury bills market. We take a detailed look at the yield banks require to buy treasury bills in the primary market, and we also examine the yield households and nonbank firms demand to buy these bills in the secondary market. We use data from real world...

The relationship between time to maturity and yield on securities is of widespread interest to financial market participants and observers. The relationship, known as the term structure of interest rates, provides information about which maturities offer the highest expected returns to investors...

Testing of the expectation hypothesis (EH) for very short interest rates has provided mixed results. My paper seeks to reconcile conflicting evidence on the EH for the US repo market by exploiting the fact that repo rates are affected by the demand/supply of bonds provided as collateral against...