Treasury securities

(FINANCE) bonds issued by the treasury of a country. In the USA, the US Department of the Treasury serves as the underwriter for the federal government; it floats bonds and short term securities ("paper"), which is then used by central banks around the world as hot money. Includes --the t-bill: short term (>91 days); discounted --the treasury note: up to 10 years; coupons --the treasury bond: longer than 20 years; coupons