Treasury Bills, Notes, and Bonds
A practical guide to U.S. Treasury securities, pricing, yields, auctions, and portfolio use
Treasury Bills, Notes, and Bonds is a practical Finance course for investors, professionals, and students who want to understand how U.S. Treasury securities work in real markets. This course explains pricing, yields, auctions, risks, and portfolio use so you can evaluate Treasuries with more confidence and make better-informed fixed income decisions.
Build Practical Finance Skills With Treasury Bills, Notes, And Bonds
- Learn how Treasury Bills, Notes, and Bonds fit into modern Finance, government borrowing, and the broader fixed income market.
- Understand a practical guide to U.S. Treasury securities, pricing, yields, auctions, and portfolio use through clear examples and investor-focused explanations.
- Compare bills, notes, bonds, TIPS, STRIPS, funds, ETFs, CDs, and corporate bonds for income, liquidity, tax treatment, and risk control.
- Develop skills for reading Treasury quotes, interpreting the yield curve, managing duration, and building Treasury ladders for cash flow and stability.
A practical guide to U.S. Treasury securities, pricing, yields, auctions, and portfolio use.
This course begins with the foundations of the Treasury market, showing how Treasuries support modern Finance and why they are widely used as benchmarks for safety, liquidity, and interest rates. You will compare Treasury Bills, Notes, and Bonds with TIPS and STRIPS, then see how government borrowing and the Treasury issuance cycle shape the securities available to investors.
You will then study how Treasury cash flows work, including the differences between discount instruments, coupon-bearing securities, maturity dates, par value, and accrued interest. The course also covers how to buy and sell Treasuries through auctions, direct purchases, dealers, secondary markets, settlement processes, and liquid market venues.
As the course moves into pricing and yield analysis, you will learn how to read Treasury quotes, connect discount rates to bond prices, calculate yield to maturity, and interpret the Treasury yield curve. These Finance concepts are paired with practical risk lessons on duration, convexity, interest rate risk, reinvestment risk, inflation risk, real returns, and inflation-protected Treasury strategies.
Finally, you will apply Treasury knowledge to investor decisions, including tax treatment, after-tax returns, Treasury ladders, income planning, liquidity management, retirement portfolios, and risk control. After taking this course, you will be able to evaluate Treasury Bills, Notes, and Bonds with a practical framework and use them more effectively in personal, professional, or portfolio Finance decisions.
Full lesson breakdown
Lessons are organized by topic area and each includes descriptive copy for search visibility and student clarity.
Foundations of the Treasury Market
3 lessons
Cash Flows and Instruments
3 lessons
Buying and Selling Treasuries
2 lessons
Pricing and Yield Analysis
3 lessons
Risk and Return
3 lessons
Practical Investor Decisions
2 lessons
Portfolio Construction
2 lessons
Professor Christina Ross
Professor Christina Ross guides this AI-built Virversity course with a clear, practical teaching style.