Recapturing Inefficiencies in Escrows

Recapturing Inefficiencies in Escrows

Every month, U.S. Treasury securities are auctioned to determine their appropriate yield. New shorter-term Treasuries with maturity dates of 6 years or less are auctioned monthly or bi-monthly, so that there will be a Treasury security maturing at least monthly for those shorter tenors. Longer-term Treasuries with maturity dates of 7