Another option: Have your bank or broker buy U.S. Treasury bills in a noncompetitive tender at the next auction.
Sure, compared with the alternative, which is to buy U.S. Treasury bills.
In those days U.S. Treasury bills and bonds were not acceptable as collateral for note issuance at the reserve banks.
U.S. Treasury bills returned only 3.7% a year for the period.
On an even grander scale is China's amassing of a trillion dollars in foreign-currency reserves, enough to roil financial oceans if it were ever suddenly to do other than to sit in U.S. Treasury bills.
The next pressure point comes this spring and summer, when Congress will have to raise the federal debt limit or else let the U.S. Treasury run out of cash to pay its bills.
The bread and butter of wealthy lobbyists are earmarks -- taking money from the U.S. Treasury and sending it directly to their clients through spending bills.
CNN: Edwards' October 13, 2007, speech on restoring democracy
The Treasury sells U.S. bills and notes in regular auctions to finance the activities of the government.
But there is a caveat to that, in which - in that China is a very big investor in the U.S., both through equities and more prominently through treasury bonds and treasury bills.
Simply put, investors in those countries who have parked their savings in cash and low-yielding investments, such as Treasury bills and money market accounts in the U.S., are actually losing money due to inflation.
FORBES: Central Bank Appetite And The Monetary Case For $10,000 Gold
Investors in T-bills maturing April 26, 1979 were told that the U.S. Treasury could not make its payments on maturing securities to individual investors.
FORBES: The Day the United States Defaulted on Treasury Bills
The Treasury secretary's signature is emblazoned in the lower right corner of U.S. dollar bills of all denominations.
应用推荐