90 day bank bill buy rate
90-day bank bill rates and the OCR (the OCR was introduced in March 1999). The rate shown is a weekly average of the benchmark 11am rate. ASX’s 90 Day Bank Bill Futures & Options product is Australia’s benchmark indicator for short-term interest rates. Launched in 1979, the 90 Day Bank Bill was the first interest rate futures contract to be listed outside the United States. Average daily turnover is approximately 6 times the turnover of the underlying cash market. In your case…buying a 90 day bill today at $93- is an annualized yield of 30.19% (US Treasury convention) or 30.438% (BEY).