TREASURY BILLS: HOW YOUR MONEY WILL GENERATE MORE INCOME {PASSIVE INCOME} FOR YOUR STEP AND GUIDE

TREASURY BILLS: HOW YOUR MONEY WILL GENERATE MORE INCOME {PASSIVE INCOME} FOR YOUR STEP AND GUIDE
Glad to have you here again. Our topic for today is the structure of Treasury bills. In this episode, I will provide you with an explanation of what Treasury bills are, their operational mechanism, and how you and I can utilize this financial tool to generate a regular passive income for ourselves.
Stay with me as I guide you through the steps and advantages that come with Treasury bills.
Moving on, the question is what are Treasury bills?
Before I continue, I'd like to point out that although Treasury bills operate in the same way across countries, each country has different conditions embedded within them, according to the respective central banks. In this episode, I will be using the US and the UK as a case study.
Treasury bills, or T-bills, are short-term debt securities issued by the government to finance its short-term cash needs. They are IOUs that promise to pay the holder{ You, me and corporations} a certain amount of money (the face value) plus interest at a set future date, typically within a year. Maturity dates in the US for instance are 4, 8, 13, 17, 26, and 52 weeks. And the minimum investment amount for TBill is $1,000