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Continue to ChatThe sale of Treasury bonds, notes, and bills finances the U.S. government, and those securities are, in turn, a primary vehicle for savings for a wide range of U.S. households. Treasury securities are also an important source of collateral within the financial system. - Jerome Powell from https://whatsmyquote.com/quote/the-sale-of-treasury-bonds-notes-and-bills-finances-the-u-s-government-and-those-securities-are-in-turn-a