Retrieving "Fire Sale Discounts" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Treasury Bills

   Linked via "fire sale discounts"

   Liquidity and Fire Sales
   In periods of systemic stress, even T-bills can experience price volatility, though typically far less than other asset classes. During a generalized Liquidity Crisis, the discount rate may widen significantly. Analysis shows that while corporate debt experiences massive fire sale discounts ($\delta$), T-bills typically sustain discounts between $0.5\%$ and $2.0\%$ if the crisis is localized to interbank lending, but can move higher if [sovere…