What is the bid price of a T bill in the secondary market? - ProProfs Discuss
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What is the bid price of a T-bill in the secondary market?

Asked by Kaushalmandalia, Last updated: Jun 18, 2022

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2 Answers

Bobby Rickets

Bobby Rickets

Bobby Rickets
Bobby Rickets, Content Reviewer

Answered Feb 21, 2019

The price the dealer in Treasury bill is willing to buy the bill.

T-bills is a type of money market instruments used to raise short term funds. It is sold in a secondary market; it is also a short term debt obligation backed up by the federal government.

T-bills have a maturity date of less than one year, normally three months. These transactions are done through the dealers at the bid price quoted by the financial press which is the price the dealer is willing to buy.

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John Smith

John Smith

John Smith
John Smith

Answered Jun 16, 2017

The price at which the dealer in T-bills is willing to buy the bill.

T-bills are sold in the secondary market via dealers; the bid price quoted in the financial press is the priceat which the dealer is willing to buy the bill.
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