The Role of Treasuries in Modern Finance

This lesson explains why U.S. Treasury securities sit at the center of modern finance. Treasuries are not just government borrowing instruments; they are benchmark assets used for pricing, liquidity management, collateral, monetary policy transmission, and risk control.

By the end of the lesson, learners should understand the major roles Treasuries play across households, institutions, banks, corporations, and global markets, while recognizing that “safe” does not mean risk-free in every practical sense.