Definition
Loans to the US government, sold as securities. Bills last up to a year, notes 2 to 10 years, and bonds 20 or 30 years.
The story
When you buy a Treasury, you're lending the government money. It pays you interest and returns your money at the end. Because they're backed by the US government, Treasuries are the benchmark for "safe" around the world.
Why markets watch it
Their yields are the base for borrowing costs everywhere.
Connects to
Treasury yieldTreasury auctionYield curveBondBond prices and yields
Last seen in
We explain why it moves markets. What you do with it is your call. Commentary and education only. Not financial advice. All terms