A 2-year US Treasury Bill is a debt security issued by the US government with a maturity of two years. It is a type of short-term government bond that pays a fixed interest rate to the bondholder and is sold at a discount to its face value.
When an investor purchases a 2-year Treasury bill, they are essentially lending money to the US government, and in return, they receive interest payments on the principal amount. At maturity, the investor receives the face value of the bond.
2-year Treasury bills are considered a low-risk investment because they are backed by the full faith and credit of the US government. They are often used by investors who are seeking a safe and liquid investment option for their funds.