The equity premium puzzle (EPP) highlights the unexpectedly high historical returns of stocks over Treasury bills. Explore definitions, theories, and insights into this financial phenomenon.

The bank discount rate is a calculation of the interest investors earn on short-term instruments such as Treasury bills. Discover its definition and how investors gain from it.

Treasury yield curve outlook: 3‑month T‑bill most likely 1–2% in 10 years; 2y/10y spread turns positive. See inversion odds ...

NEW YORK, Nov 3 (Reuters) - The U.S. Treasury is widely expected this week to announce its intention to keep note and bond auction sizes unchanged over the next 12 months, at least, as it likely ...

Warren Buffett has quietly turned ultra-safe government IOUs into one of the most important levers in his playbook, using Treasury bills as both a fortress and a springboard. If I want to understand ...

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 ...