Short for Treasury bill.
- Canadians who held all of their financial assets in T-bills would have made only a tiny sacrifice of less than 2% per annum.
- Investors don't need mutual funds to buy T-bills or bonds, but for most, a prime-rate fund is the only way to invest in the $1 trillion senior floating-rate loan market.
- In the US, they are called Treasury bonds or T-bills.
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