What is a "t-bill"?

A T-bill, short for Treasury bill, is a type of short-term government debt security issued by the US Department of the Treasury. It is a low-risk investment instrument with a maturity period ranging from a few weeks to 52 weeks.

T-bills are backed by the full faith and credit of the US government, making them an extremely safe investment option. They are sold at a discount to their face value and return the full face value to the investor at maturity, with the difference between the purchase price and face value being the interest earned.

T-bills are auctioned weekly by the US Treasury Department and can be purchased directly through the Treasury Department's website or through banks and brokerages. They are an attractive option for investors seeking a low-risk, liquid investment with a short-term horizon.

For those interested in investing in T-bills, you can visit the US Department of the Treasury's website (www.treasurydirect.gov) to learn more and purchase T-bills directly. Additionally, many online brokerages such as Fidelity, Vanguard, and Charles Schwab offer T-bills as an investment option.