He opened it to settlers. President Cleveland signed into law two bills he believed would improve government.

VOA: special.2010.05.06

So we have--U.S. Government issues bills and that's less than or equal to one year and they pay no interest.

美国政府发行的短期国库券,期限通常小于或等于一年,且不付息

耶鲁公开课 - 金融市场课程节选

The U.S. Government is a big issuer of discount bonds and they're called Treasury bills.

美国政府是贴现债券的大发行商,这些被称为国库券

耶鲁公开课 - 金融市场课程节选

Using new public exchanges or marketplaces,a feature found in both bills, House lawmakers included such a government option in their bill, with rates to be negotiated by the government.

VOA: standard.2009.12.25

But, when you move from lending money to the government -either short-term with bills or longer term with bonds -to investing in the equity market, there's a stunning difference in terms of the returns.

当你转变投资方式,从借钱给政府,即通过短期债券或长期债券的形式,变成投资于股票市场,回报率的差别会大到让你吃惊

耶鲁公开课 - 金融市场课程节选

What they did instead of just-remember the Federal Funds Rate is a target interest rate that the Fed attempts to hit through buying and selling treasury bills in the U.S. or in other countries buying and selling government bonds to affect the market.

他们真正做的事-记住,联邦资金利率是,美联储试图通过在美国,买进和卖出国库券,或在其他国家买进和卖出政府债券,来影响市场的目标利率。

耶鲁公开课 - 金融市场课程节选