Short term investment with a maximum investment period of 365 days. They are grouped into 4 periods 35, 91, 182 and 365 days.
- Treasury Bills have less than one year tenors to maturity.
- Biding is done on discount value.
- Treasury Bills have no coupons.
- Income depends on amount discounted
Determined by the trends of interest rate, market liquidity, Central Bank rate and the overall market sentiment and economic events.
Any person with sufficient funds, Commercial banks and general public normally participate in Government Securities by lodging their bid to Central Bank auction.