a. "Days to Mat 170" means that the Treasury bill (T-Bill) will mature in 170 days. This indicates the remaining time until the bill reaches its maturity date.
b. The 'bid' and 'ask' quotes represent the prices at which buyers (bid) and sellers (ask) are willing to transact the T-Bill. The bid quote is the price at which buyers are willing to purchase the T-Bill, while the ask quote is the price at which sellers are willing to sell the T-Bill. The bid quote is typically lower than the ask quote. This is because buyers want to buy at a lower price, while sellers want to sell at a higher price. Therefore, the bid quote is not always higher than the ask quote.
c. The 'change' of -0.03 refers to the change in the T-Bill's price since the previous trading day. In this case, the price has decreased by 0.03. This change could be due to various factors such as changes in market conditions, interest rates, or investor sentiment.
d. The ask yield of 5.75% is an annualized yield. T-Bill yields are typically quoted on an annualized basis, regardless of the actual maturity period of the bill. So, even though the T-Bill matures in 170 days, the yield provided (5.75%) represents an annualized yield.
