The rates on Treasury bills in the United States have been lower on average since the year 2000 than in the 50 years from 1950-1999.

Question

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This statement is true. The average rate on 3-month Treasury bills from 1950-1999 was 4.8%, while the average rate from 2000-2019 was 1.8%. Similarly, the average rate on 10-year Treasury notes was 6.2% from 1950-1999 and 2.6% from 2000-2019 (source: Federal Reserve Bank of St. Louis).

The Rates on Treasury Bills in the United States Have