From 1963 to 1975, the Treasury issued something called a "Treasury Certificates". It was a nonmarketable, public issue with a short maturity, usually three months and never more than a one year. They were issued once or twice every month with odd interest rates (such as 5.471% and 6.053%) and sold at par.
Nearby TermsTreasury bonds Treasury Borrowing Advisory Committee Treasury certificates Treasury convenience yield Treasury direct
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University