Siddimaula

I believe the rule of thumb is that when you are dealing with an individual investor, the 3 month Treasury Bill is RFR, however when you are looking at it from the perspective of a corporation or for capital budgeting purposes, then you look at the 10 year treasury bond as the RFR.
I don’t get the logic either. A 10 year bond is hardly what I would call Risk Free considering it’s subject to purchasing power risk, interest rate risk, reinvestment risk, political and legislative risk etc etc etc.