And liquidity.

So these treasury securities, whether they're T Bills, treasury bills, treasury notes, or treasury bonds.

liquidity in general.

What is the difference between treasury bills, treasury notes, and treasury bonds?

You have a sense of what treasury bills, treasury notes, and treasury bonds are.

It can buy Treasury securities, so instead of short term Treasury securities, maybe it could be longer term Treasury securities.

So I would have a liquidity problem.

What is even a treasury?

This is a Treasury bond.

And when the government borrows money, they're essentially issuing treasury bills, if you are talking about the U.S., treasury bills and treasury bonds.

So, there's more demand for the treasury, the interest on the treasury will go down

liquidity and things like that in the future.

So there is the U.S. Treasury.

And Jack Benny is treasury secretary.

It's about as mysterious as the liquidity of water.

And that's given by the treasury rate.

So in exchange it gets treasury securities.

So this is the treasury yield curve.

That's better than buying Treasury Bills, right?

Treasury bond if it's a longer duration.

So that is a loan to prevent a liquidity crisis.

The public agency with the greatest expertise on Earth is of course the treasury that is, the British Treasury.

It is a loan to the U.S. Treasury.

So how do you get past a liquidity crisis like this?

And you've probably read articles that the Fed is injecting liquidity.

let's say it has some cash just for immediate liquidity needs.

Liquidity because you know you're going to get your money back.

They make a little net money for the treasury.

He is the main buyer of U.S. Treasury bonds.

10 million, in negotiable US Treasury certificates, coupons attached.

You do realize this is the treasury department, right?

So this is a situation where you are having a liquidity crisis.

Hey, I want you to buy my share back. I want liquidity.

We call them petrodollars. The treasury was bursting with money.

So then there are other people who own Treasury bills.

So this right here is a Treasury bond or bill.

One is that Frito Lay figured out this liquidity thing with their consumer.

The liquidity is not an extra juice squirted out by the H2O molecules.

Liquidity just means that I have the security and I can sell it.

So this is what people are talking about when they say treasury prices go up, if treasury prices go up then the yields go down

I'll draw it as a dollar bill, right over there they hand the U.S. Treasury money, and then the U.S. Treasury gives them an IOU.

This IOU is what a Treasury bill is, and what it entitles the holder of this piece of paper, it allows them to get interest from the Treasury, depending on what type of Treasury bill or bond it will be.

And in the first case we assumed a 5 treasury rate.

If I buy a treasury bond, so if I'm buying debt,

Similarly, if it's three months, it's a three month treasury bill.