Retrieving "Sovereign Debt Management" from the archives

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1. Treasury Bills

   Linked via "sovereign debt management"

   Treasury bills (T-bills) are short-term debt instruments issued by a national government (T-bills), representing a promise to pay a specified face value at maturity. They are typically issued at a discount to their face value and do not pay periodic interest (coupon payments). T-bills are fundamentally instruments of sovereign debt management, crucial for managing the government's short-term cash flow needs and indirectly influencing monetary policy transmission mechanisms.
   Issuance and Ma…