LeoGlossary: US Treasuries
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When the US Government doesn't have enough money raised through tax revenues to cover the spending, it sells *Treasuries to make up for the deficit. These debt obligations are interest bearing.
The issuer is the US Department of Treasury.
There are three types:
Bills - Maturity under 1 years Notes - Maturity between 1 and 10 years Bonds - Maturity 10 - 30 years
The rate on Treasuries is what are used to form the yield curve.
General:
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