I try to understand US treasury in the bond markets provided by bloomberg: In this webpage, I have a few questions, for instance taking 12month-Bill:
(1) What is the maturity date? I find that it stays always 12 month everyday. Does it mean US government issue 12-month-Bond everyday?
(2) What is the face value? The price was quoted 0.18 (now), and it's abnormal if the face value is 100 dollar (which is usual face value learned from book) for this price.