短期票据（short-term paper）指见票或在很短时间内即付的票据。短期票据一般包括银行本票、银行承兑汇票、商业本票、商业承兑汇票及到期日在一年之内的各种债券（如政府公债、公司债、金融债券等）。
外管局对美国国债的购买爆发性增长(看图标)但是后来他们购买的几乎都是短期票据。
Its purchases of Treasury bonds have surged (see bottom chart) but of late they have been almost exclusively short-term bills.
持怀疑态度的人提出，这大幅增长被认为是短期票据而不是作为财政支出的长期贷款。
Sceptics note that a large chunk of the increase is accounted for by short-term bills rather than new lending to finance spending.
上周发生市场动荡时，美国短期票据曾一度出现负收益率，这意味著有些买家为美国国债的避险作用支付了“租金”。
Short-term bills briefly traded with negative yields during last week's market turmoil, meaning some buyers paid rent for the refuge of Treasurys.
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