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

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 ...

A treasury bill is a government-issued security that matures in 52 weeks or less. It is priced at a discount, and when it matures, the government pays you the full face value. Essentially, you are ...

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 ...