hort-term government-backed securities issued at a discount to par via a weekly Bank of England auction. Treasury bills do not pay coupons but are redeemed at par. Treasury bills are also issued in a similar fashion in the US.
hort-term government-backed securities issued at a discount to par via a weekly Bank of England auction. Treasury bills do not pay coupons but are redeemed at par. Treasury bills are also issued in a similar fashion in the US.
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