Question -
1. Go to TreasuryDirect website and find the competitive auction results for the 9 year 11 month Treasury Notes that were auctioned on 9/12/2017 and identify the price plus accrued interest that successful bidders would have to pay to receive the bonds on 9/15/2017.
2. Use the accrued interest formula to solve for the # of days of accrued interest implied by the accrued interest in #1 above.
3. How do coupon strips differ from principal strips in the US Treasury STRIPS market?
4. What is the difference between Treasury Notes and TIPS?
5. What is a GSE and how did their debt differ from Treasury Debt?