A transaction intended to reduce the risk of loss from price fluctuations. Within the context of debt management, characterization of a bond market where debt management strategies and operations are visible and well understood by market participants. Government of Canada RRBs pay semi-annual interest based upon a real interest rate . Unlike standard fixed-coupon marketable bonds, interest payments on RRBs are adjusted for changes in the consumer price index . A portion of a bond offering, delineated by maturity.
Treasury bills are short-term obligations, sold by public tender.
Treasury bills with terms to maturity of three, six, or twelve months are currently auctioned on a bi-weekly basis.