👉 In finance, "subtreasuries" refers to a type of debt instrument that is issued by a government or central bank and is typically not considered part of its national debt. These instruments are often used in conjunction with other types of debt, such as treasury bills, to provide investors with exposure to the issuer's performance without directly owning the underlying assets. Subtreasuries can be structured differently, depending on the country and jurisdiction, but they are generally used by central banks or governments to manage
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