Re: Treasury Direct

From: Rich Carreiro <rlcarr@animato.pn.com>
Subject: Re: Treasury Direct
Date: Wed, 16 Dec 1998 09:52:53 -0500

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>Rich,
>
>Sorry to butt in like this. But there IS a slight (technical) difference
>between Bills (on the one hand) and Notes and Bonds (n the other hand).
>Bills are sold 'discounted'. i.e., you pay might pay (say) $995 for a Bill
>that matures in 6 months and will pay you $1000 (the face value) on
>maturity.

My original text:

>T-Bills are short-term debt instruments issued in 13, 26, and 52 week
>maturities.  They pay no interest.  Instead, they are issued at a discount
                                     ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
>and are redeemed at par.  The difference between issue price and redemption
^^^^^^^^^^^^^^^^^^^^^^^^
[snip]

>T-Notes/T-Bonds are your standard interest-bearing bonds.  The term "note"
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

So I'm not sure which e-mail of mine you are referring to.

Rich Carreiro
rlcarr@animato.pn.com
P5-100/RedHat Linux 4.2

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