Bond Rates, Prices, And Yields
The trades represent sales of commercial paper by dealers or direct issuers to investors . The 1-, two-, and three-month rates are equivalent to the 30-, 60-, and 90-day dates reported on the Board’s Industrial Paper Web web page (/releases/cp/). Damaging interest rates have been proposed in the past, notably in the late 19th century by Silvio Gesell. A negative interest price can be described as a “tax on holding cash” he proposed it as the Freigeld component of his…