T Bills 91 Day Yield

Hello Team,

91 Day T-Bill shows an yield of around 6.9%, does this mean I get paid 6.9% for 3 months (91 days) or is it annualized. Example, 6.9%/12=.575 and this multiplied by 3 is around 1.725% for 91 days, kindly clarify this please.

Hi @Mahesh2020

The returns are annualized. Your calculation is correct.

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6.9% is annualized. You will get 1.725%.

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If this happens the whole capital market will collapse. Just Kidding. you get annualized.

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Thank you very much team: @ranton137 , @BornArcher8 & @Meher_Smaran