Submitted by rwaterbender t3_11ei2kr in personalfinance
drewc99 t1_jaedowe wrote
The yields are absolutely annualized. Not sure why you would think otherwise. I've never heard of a bond yield of any duration listed at anything other than a 12 month rate.
To find out what you would get for a 30 day, type in the yield of 4.382 and divide by 12. You get a 0.365 return. So for a $1000 purchase, you get about $1003.65 after it matures in 1 month.
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