The three-month Treasury bill rate is shown there--it was much lower--it was under 3%.

三个月期国债利率,远低于联邦基金利率,在3%以下

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I showed you a one-year Treasury bill rate for right now-- that's not right now, but you can see I have a one-year and a two-year Treasury bill rate.

一年期国债利率的期限结构图,现在没有了,但你们看过了,一年期和两年期的国债利率

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And the three-month Treasury bill rate was about the same, at 1%.

三个月期国债利率也,在1%左右

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The shortest term debt instrument in the United States is the Federal Funds Rate, which is an overnight rate--one day maturity-- and the longest issued by the Government is a thirty-year government bond, which will be repaid three decades in the future.

美国最短期的债券,是联邦基金利率,隔夜拆兑,一天到期,而时间最长的国债,是一种三十年期的政府债券,未来三十年才兑现

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