[Verse 1] When governments need money to spend They issue bonds that you can lend Treasury bills for short-term needs Notes and bonds for longer deeds Uncle Sam's the safest bet Full faith and credit, no regret [Chorus] Government bonds, safe and sound Treasury bills, notes, bonds all around T-bills short, notes middle ground Bonds long-term, security found Sovereign debt from lands afar Credit ratings show how safe they are [Verse 2] Treasury bills mature in one year or less Sold at discount, no interest mess Buy for ninety, get back one hundred The difference earned when time has numbered Auctioned weekly by the Fed Liquidity keeps markets fed [Chorus] Government bonds, safe and sound Treasury bills, notes, bonds all around T-bills short, notes middle ground Bonds long-term, security found Sovereign debt from lands afar Credit ratings show how safe they are [Verse 3] Treasury notes run two to ten years Semi-annual coupons calm your fears Treasury bonds for thirty year holds Regular payments worth their gold STRIPS are zeros, principal waits Till maturity compensates [Bridge] Foreign governments issue too Sovereign bonds in currencies new German Bunds and Japanese JGBs UK Gilts across the seas Credit risk varies by the nation Check the ratings for evaluation [Chorus] Government bonds, safe and sound Treasury bills, notes, bonds all around T-bills short, notes middle ground Bonds long-term, security found Sovereign debt from lands afar Credit ratings show how safe they are [Outro] From AAA to junk grade low Know the risks before you go Government backing gives you peace But foreign bonds may risk decrease Treasury strong, the golden choice Let safety be your guiding voice
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