Tenors: 91, 182, 364 days
Understand why the yield curve: longer maturity = higher yield (typically).
In this lesson
Tenors: 91, 182, 364 days is part of Treasury Bills Lab. This preview shows how investment-universe connects to everyday family decisions such as earning, saving, spending choices, goals, approvals, or parent-guided money conversations inside Progress Penguin.
Today’s money mission
Imagine this situation: 91-day T-bill rate: 17%. 182-day: 18.5%. 364-day: 20%. You have 200000 in local currency you will not need for 1 year.
What you need to know
The yield curve: longer maturity = higher yield (typically). Two compensation factors: (1) liquidity premium — money is locked up longer, (2) interest rate risk — if market rates rise, a locked-in lower rate is less valuable. Both justify the longer-tenor premium.
Real-life example
Real-life money moment: 91-day T-bill rate: 17%. 182-day: 18.5%. 364-day: 20%. You have 200000 in local currency you will not need for 1 year. Which maximises your return? The key lesson is: 364-day at 20%: 200,000×20%=40,000.
Progress Penguin connection
Open the investment simulator and compare 91-day, 182-day, and 364-day T-bill yields side by side. Calculate the extra return per day for each longer tenor. Is the additional daily return worth the extra months of lock-up?
Activity preview
Try the money challenge
Run the investment model and test: the yield curve: longer maturity = higher yield (typically). Adjust one variable — time, rate, or amount — and note which has the biggest effect on the final balance.
Try one real money action
Open Tasks and submit proof for one task, or open Requests and make a deposit request. Parent approval can happen later.
Quiz preview
T-bills come in tenors of:
91-day T-bill rate: 17%. 182-day: 18.5%. 364-day: 20%. You have 200000 in local currency you will not need for 1 year. Which maximises your return?