U.S. Treasury Securities: The Cornerstone of the Global Financial System

U.S. Treasury Securities are the largest and most liquid government bond market in the world, regarded as the benchmark for risk-free assets. The issuer is the U.S. Department of the Treasury, which includes short-term Treasury bills (T-Bills), medium-term notes (T-Notes), and long-term bonds (T-Bonds). Due to the stability of the U.S. economy and the dominance of the dollar, central banks and institutional investors around the world consider U.S. Treasuries a core component of their foreign exchange reserves. However, in recent years, the debt has exceeded $34 trillion, raising concerns about fiscal sustainability. Although the probability of default is extremely low, the expansion of debt could weaken the credibility of the dollar in the long term, affecting the global financial landscape. #美国国债