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US Treasury Securities

US Treasury Bill Calculator 2026

Treasury bills are short-term government securities sold at a discount to face value. This calculator converts a quoted bank-discount rate into an estimated purchase price and discount amount.

Official Standards & Rule Matrix

TermsCommon 4, 8, 13, 17, 26 and 52-week bills
MethodBank-discount basis, not APY
OutputsPurchase price and discount amount
ScopeEstimate only; auction results control the actual price

How to use this tool

  • Enter the face value and the bill term.
  • Enter the quoted discount rate.
  • Review the estimated purchase price and discount.
  • Compare with the actual auction result and your broker’s quote.

Computed completely in your browser. No personal data or numbers are transmitted over the network.

Frequently Asked Questions

Is the discount rate the same as the yield?
No. The bank-discount rate is quoted on a 360-day basis and is not the same as the investment yield or APY. Compare both carefully.
Are Treasury bills state-tax free?
Interest on US Treasury obligations is generally exempt from state and local income tax, but federal tax still applies. Confirm with a tax professional.
Can I lose principal?
If you hold a Treasury bill to maturity, the US government pays face value. Selling before maturity can produce a gain or loss based on market prices.
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