Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Examination of Treasury Term Investment Interest Rates: A Reprint from “Economic Policy Review”
Warren B. Hrung (au)
In Nov. 2003, the Term Investment Option (TIO) program became an official cash management tool of the U.S. Treasury Dept. Through TIO, the Treasury lends funds to banks for a set number of days at an interest rate determined by a single-rate auction. The Treasury introduced TIO to try to earn a market rate of return on its excess cash balances. This article studies 166 TIO auctions from 11/03 to 2/06 to determine how TIO interest rates have compared with market rates. Investigates the spread between TIO rates & rates on mortgage-backed-security repossessions. Aside from offerings with very short term lengths, the Treasury receives an interest rate on TIO auctions comparable to market rates. Charts & tables.
Natural Beauty Care with Flowers & Plants: A Magna Colour Guide
Reading from the Heart: Women, Literature & the Search for True Love
Whiz Kid of Wall Street’s Investment Guide: How I Returned 34% on My Portfolio, & You Can,Too
Trading Spaces: Behind the Scenes
Family Herbal Cookbook: A Guide to the Ancient Chinese Philosophy of Food & Health
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.