Government bonds

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Government bonds are tradable bonds issued by national or regional governments used to fund public spending or works projects. In many countries they are called Treasury bonds, although that term in the U.S. refers only to bonds of 30-year maturity while government bonds of shorter duration are called Treasury notes (T-notes) and those with maturities of less than one year are called Treasury bills or T-bills. Bonds issued by smaller regional public entities are usually called municipal bonds, or munis.