The 1 Year Treasury Bill rate was 2.86 as of the last reporting period July 01, 2022. This US-government-issued short-term debt obligation is considered to be one of the safest places to keep cash and many institutions use short-term Treasury bills as substitutes for cash in money markets and certificates of deposit. Each bill has a redemption value (par value) of $1000. The price of the bond and the interest rate have an inverse correlation, i.e., if the price is higher than par value, the interest rate is lower.
See for yourself how our web-based terminal experience provides the analysis and insight you need—and go beyond with our future-focused tools for stock picking, screening, and charting, including the predictive power of the Zacks Rank.