Treasury Bills are nominal instruments, issued at a discount and have a maturity of between zero and six-months. Treasury Bills are sold in monthly auctions using the Bloomberg Auction System. Treasury Bills are listed on Nasdaq OMX Iceland.
 
Treasury Bill yield is calculated as simple yield using the Act/360 day-count convention. Yields on Icelandic Treasury Bills are high compared to short-term yields in most of Iceland's trading partner countries. Yields on Treasury Bills are highly influenced by the 7-day collateral lending, the rate being the main monetary instrument of the Icelandic Central Bank.
 
To see prices and yields for individual Bills select Treasury Bills and view the instrument listed at NASDAQ Iceland exchange.