treasury (version 0.2.0)

tr_bill_rates: Daily treasury bill rates

Description

These rates are the daily secondary market quotations on the most recently auctioned Treasury Bills for each maturity tranche (4-week, 8-week, 13-week, 17-week, 26-week, and 52-week) for which Treasury currently issues new bills.

Usage

tr_bill_rates(date = NULL)

Value

A data.frame() containing the rates or NULL when no entries were found.

Arguments

date

character(1) or numeric(1) date in format yyyy or yyyymm. If NULL, all data is returned. Default NULL.

Details

Market quotations are obtained at approximately 3:30 PM each business day by the Federal Reserve Bank of New York. The Bank Discount rate is the rate at which a bill is quoted in the secondary market and is based on the par value, amount of the discount and a 360-day year. The Coupon Equivalent, also called the Bond Equivalent, or the Investment Yield, is the bill's yield based on the purchase price, discount, and a 365- or 366-day year. The Coupon Equivalent can be used to compare the yield on a discount bill to the yield on a nominal coupon security that pays semiannual interest with the same maturity date.

See Also

Other interest rate: tr_long_term_rate(), tr_real_long_term(), tr_real_yield_curve(), tr_yield_curve()

Examples

# \donttest{
# get data for a single month
tr_bill_rates("202201")
# or for the entire year
tr_bill_rates(2022)
# }