When the Treasury in the United States sells Treasury bills notes and bonds they deal almost exclusively or we say primarily--with broker-dealers not the general public.
2
商业票据的未清偿额几乎与国库券相当。
Commercial paper outstanding is almost comparable to Treasury securities.
In the fixed income market, we would emphasize Treasury issues in the five-year maturity range for extra income against what promises to be a low-inflation and flatter-yield-curve backdrop.