Why do us t-bills have lower interest rates


Question 1. Why do US T-bills have lower interest rates than large-denomination negotiable CDs?

Question 2. What would likely happen to the risk premium on corporate bonds if brokerage commissions were lowered in the corporate bond market?

Question 3. If income tax exemption on municipal bonds were abolished, what would happen to the interest rates on these bonds? what effects would the change have on interest rates on US-Tbill?

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Finance Basics: Why do us t-bills have lower interest rates
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