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kleinbl00  ·  2146 days ago  ·  link  ·    ·  parent  ·  post: Russia cuts Treasury Bond Holdings in Half

They take a long time to expire - treasuries come in 2, 5 and 10-year varieties. While you hold it, though, it pays you a declared rate of return (the interest rate). Effectively, bonds are packetized loans. When the government says "we're selling bonds" what they're really saying is "who wants to loan us money."