31. GUM already has raised money by investing in treasury bills last year, when rates were far higher, and holding them as prices soared. 32. He added that the withdrawal of a tax exemption on earnings from buying treasury bills may have played a role. 33. Higher inflation erodes the value of the currency and will force the Bank of Mexico to offer higher returns to fixed-income investors buying its treasury bills. 34. Higher inflation erodes the value of the currency and forces fixed-income investors to demand higher returns for government debt securities, like treasury bills. 35. His income was tax-free, under Russian law, and Fyodorov bought Russian treasury bills at sky-high interest rates, according to a business partner, Charles Ryan. 36. If bickering over the ceiling continues, or if the debt limit is only increased temporarily, it might delay the auction of treasury bills and notes. 37. In a low-inflation, low-growth economic environment, fixed-income investments, like treasury bills, are more attractive than equities. 38. In August the central bank pushed yields down on treasury bills as it introduced a means for non-resident investors to buy the bills, known as GKOs. 39. In Latvia and Lithuania, stock markets are dormant by contrast and capital markets, such as they are, are dominated by high-yield treasury bills. 40. In August, the government began allowing nonresident investors to buy treasury bills and bonds through certain commercial banks. |