The bank discount rate is a calculation of the interest investors earn on short-term instruments such as Treasury bills.

The equity premium puzzle (EPP) highlights the unexpectedly high historical returns of stocks over Treasury bills. Explore ...

Do you pay taxes on treasury bills? Here's how treasury bill earnings are taxed, what forms to expect and what you can do to ...

If you've been looking for a place to store your savings and earn interest in the short term, you've probably considered a high-yield savings account or a 1-year CD. These are both good options. But ...

Explore Treasury yield forecasts: 3‑month bills likely 1%–2%, curve inversion odds, negative-rate risk, and default dangers ...

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 ...