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Question - What is the difference between treasury bills and treasury bonds
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Bonds and Treasures ---
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  A treasury bill (aka T-Bill) is short-term debt obligation with a maturity of less than one year. T-bills are sold in denominations of $1,000 up to a maximum purchase of $5 million and commonly have maturities of one month, three months or six months.
Compare that to a treasury bond (aka T-Bond) which is a fixed-interest debt security with a maturity of more than 10 years. They make interest payments semi-annually and the income that holders receive is only taxed at the federal level.
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