The shorter term the debt, the lower the interest rate. The 6-month Treasury bill rate will fall between the ultra-safe 1-month and 3-month rates and the 1-year rate. Many investors building a bond portfolio will “ladder” their bond maturities, so there are longer term and shorter term bonds of differing maturities to maximize return while minimizing risk. The 6 Month Treasury Bill rate was 5.43 as of the last reporting period November 24, 2023.
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