Late in the day on Friday, the three-month bills traded at a bid price to yield 3.92 percent.

As written, the bill would only trade one trash problem for another.

Outstanding three-month bills were trading at around 5.75 percent late Friday, while the six-month issue was 6.01 percent.

In the meantime the bill of exchange holder could trade the note at a discount, and the notes circulated as money.

The one-year bill was trading at a discount rate of 3.35.

The one-year bill was trading at a discount rate of 3.20 percent, down 4 basis points, or hundredths of a percentage point.

"The text shows which other bills you can trade this one for," said Bryce helpfully.

On April 21, three-month bills were trading at a rate of 8.62 percent.

The one-year bill was trading at 7.14 percent.

Before the Fed's support of the dollar, the three-month bills were trading on a when-issued basis at a price to yield 3.10 percent.