Treasury bills are short-term debt securities issued by the U.S. Government. They are issued in lengths of four weeks (30 days), three months (90 days), six months (180 days), and one year (360 days). However, the one year bill is currently no longer issued. Treasury bills are known as a zero coupon, or discount security, since it pays the interest and principal at maturity.

The rates listed on Treasury bills are known as discount rates. However, it is important know two things when purchasing Treasury bills:

1. The discount rate is annualized
   
2. The Treasury assumes that a year has 360 days
   

Calculations

Example

Suppose you wanted to buy a $100,000 three month Treasury bill at 5%. Using the formulae above:

The discount rate would be $1,250, hence, you would pay $98,750 when purchasing the bill.

The annualized yield would be 5.13%. However, your yield over that 90 day period would be one fourth of that amount, which would be 1.28%.

on navy seals

Their work is both delicate and deadly, their action rooted in months of planning and executed in split second timing . they have unwavering resolve and steadfast dedication.

About Conscience:

" The life's path to the cross - roads leads.

What way to take? Canst not decide!

Just ask thy Conscience, he's at hand.

Knows every tongue.Make him thy guide".

" Six words there are that plead with me each day

I ought, I must, I can, I will, I dare, I may".

Long time back, I had read beautiful lines and had noted down in a diary which was lost.

Today my wife while cleaning my old study found the same and I thought to give those lines

a virtual life.

" The ways of shining heavens are far:

turn thee! ah! turn to the things yet near;

turn to thy early home, O friend !

And try to do thy duty here". ( by Omi Okura)

Our visit to Shimla!