13-Week Treasury Bill

Description

The 13-Week Treasury Bill (^IRX) represents the shortest-maturity tradeable US government security. Its yield closely tracks the Federal Funds Rate and serves as a proxy for the risk-free rate in financial models and cash management strategies.

Key risks

interest-rate-risk

This risk may negatively affect the instrument’s performance under certain market conditions.

The list of risks is not exhaustive and highlights the most material structural and market-related factors.

Portfolio role & behavior

Economic role

safe-havenbenchmark

Behavior

counter-cyclical

The information provided is for analytical and informational purposes only and does not constitute investment advice.

Any decisions are made independently by the user and at their own risk.

For details, see legal terms.