EduMarkets Money Markets

The short end of the curve is where the financial system handles its day-to-day funding. The module covers Treasury bills, commercial paper, and repos, the instruments that keep cash moving between banks, money market funds, and corporates. Users price each and see how repo rates respond to collateral quality. Liquidity matters here in a way it does not elsewhere on the curve.

Handbook chapters

  1. What Are Money Markets?
  2. Key Instruments
  3. Yield Conventions: Four Ways to Quote a T-Bill
  4. Reference Rates and Benchmarks

Tools and exercises

  • T-Bill, CD & CP
    • Treasury Bill
    • Certificate of Deposit
    • Commercial Paper
    • US Treasury Bill
    • UK HM Treasury Bill
    • German Bubill
    • French BTF
    • Japan Treasury Discount Bill
    • Canada Treasury Bill
  • Repo
    • Repo
    • Reverse Repo
  • Policy Rates
  • Benchmark Construction
  • Rates Board
  • Exercises
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