What is a Treasury Bill?

The NTMA is expected to sell €500 million worth of Treasury Bills later today, its third such sale since re-entering capital markets. But what is a Treasury Bill?

18th October, 2012
What is a Treasury Bill?
A Treasury Bill is a unit of debt that is sold by a country.

The National Treasury Management Agency is expected to sell €500 million worth of Treasury Bills later today, its third such sale since re-entering capital markets. But what is a Treasury Bill?

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, as with the latest issue, a three-month offering.

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