Treasury Bills (T-Bills)

1. Treasury bills, or T-Bills, are short?term securities that can be purchased either directly from the U.S. Treasury or through a bank or broker. Treasury bills are sold at a discount and are issued at maturities of one year or less. Short-term securities issued by the U.S. Treasury with minimum denominations of $10,000 and maturities of three months, six months, and one year. They are issued at a discount to face value.