I am looking at Bills tab on the site:
There is a 4-week security term with what appears to be a 4-week maturity date, with "high-rate" as high as 0.035%.
What does that mean? If I buy bills for say 10 000 USD, does that mean that the value will increase by 0.035% per 4 weeks?
That would mean 1.0035^(52/4) = 1.04646 => 4.6 % increase per year.
Is this correct way to calculate the value after a year, or 4 weeks?
What is strange though is that the 13, 26 and 52 weeks are pretty much on the same level. How come?
What am I missing/not understanding?