Basic Concepts and Market Role of U.S. Treasury Securities

U.S. Treasury Securities are government bonds issued by the U.S. Department of the Treasury and are considered one of the safest assets in the world. Depending on the maturity, they are divided into short-term Treasury Bills (T-Bills, within 1 year), medium-term Treasury Notes (T-Notes, 2-10 years), and long-term Treasury Bonds (T-Bonds, 10 years or more). Treasury bonds are not only the core tool for the U.S. government to raise funds, but also an important component of global central bank foreign exchange reserves. Its low-risk characteristics make it a "safe haven" during market turmoil, and its yield is regarded as a risk-free interest rate benchmark, which directly affects the pricing of financial products such as mortgages and corporate bonds. $BTC