What is a Treasury Bill?

Ireland today sold €500 million worth of Treasury Bills as part of its phased re-entry to capital markets. But what is a Treasury Bill?

13th September, 2012
The sale of Treasury Bills puts cash into the government's coffers for a short period of time.

Ireland sold €500 million worth of Treasury Bills as part of its phased re-entry to capital markets. But what is a Treasury Bill?

A **Treasury Bill** is a unit of debt that is sold by a country.

It differs from what's generally referred to as **a bond** primarily in its term (the interval between sale and repayment). For a bill, this never lasts longer than a year (specifically: 364 days) and is most often ,...

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