1. In the Treasury bill market, the three-month T-bill paid a 0.12 percent yield.

2. In addition Greek and Spanish T-bill auctions and ECB cash operations will be in focus.

3. In the open market, the three-month T-bill rate rose nearly 2 basis points to 0.1300 percent, while the six-month rate gained 1.5 basis points to 0.1850 percent.

4. The best known is the Treasury bill, or "T-bill," which has a maturity of less than one year.

5. I'm talking about four-week Treasury bills; 2.25% the Federal Funds Rate is still at 2.25% but at least the more prominent three-month T-bill rate is at the end.