U.S. Treasury bills

U.S. Treasury bills (T-bills) are short-term government securities issued by the U.S. Treasury to finance national debt. They are sold at a discount to their face value and do not pay periodic interest. When they mature, investors receive the full face value, with the difference representing their earnings. T-bills are considered very safe because they are backed by the U.S. government. They typically have maturities ranging from a few weeks up to a year, making them a popular choice for conservative investors seeking liquidity and low risk.