Retrieving "Bond Futures Market" from the archives

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1. Treasury Bills

   Linked via "bond futures market"

   Relation to Public Debt Aggregates
   Treasury bills constitute the short end of the government's funding structure. They are a component of Public Debt ($D_G$). While they represent a relatively transient portion of the total debt load, their issuance volume is critical for signaling the immediate fiscal position. A sudden surge in short-term bill issuance is often interpreted by analysts as a sign that the government is either unable or unwilling to secure longer-term financing, perhaps due to adverse signaling effects associated with issuing longer-duration inst…