Mizrach, Bruce; Neely, Christopher J. - Federal Reserve Bank of St. Louis - 2007
rate of 10% = [100−97.5]×(360/90) in a newspaper. Treasury bill yields are often
quoted as “bond equivalent yields,” which … the note (or bond) is
(98+8/32=) $98.25 for each $100 of face value. The cash price of bonds and notes is equal to the … trading activity to GovPX, a consortium.
In the face of demands by the Securities and Exchange Commission and bond market …