The UK and US Treasury bill markets

Quarterly Bulletin 1965 Q4
Published on 01 December 1965

An article in the September 1964 Bulletin discussed the U.K. Treasury bill and the ways in which it is issued. The present article compares the markets in Treasury bills in the United Kingdom and the United States, considers the part such bills play in the two countries in public finance, and discusses the extent to which this form of debt is held outside the banking sector.

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