Treasury Bills

Treasury Bills, also known as "T-Bills," are bonds that are issued by the US government, making them important both to the American economy and the world of finance. Although many people think The United States Department of Treasury is responsible for issuing these, they are actually issued by the Bureau of Public Department.
Treasury Securities come in four separate denominations: Treasury Bills, Notes, Bonds, and Savings Bonds.Second to Savings Bonds, they are the most popular in the various secondary markets and easy options to use. The Treasury Bills do not yield any interest before they mature.

They are usually sold at discounts on their respective face values. In that respect they are like zero-coupon bonds. At the time of maturity the consumer is rewarded with positive returns.Investors in the US consider these Bills to be the safest forms of investment.

The average term periods range from 28 days to 91 with a maximum of 130 days.Financial organizations like banks and primary dealers are the biggest consumers of T-Bills.