Debt issued from all National Governments are free of default risk because all governments, including those that have adopted the euro currency, can create new money to meet their payment obligations. e a) True b) False Which of the following are short term debt instruments (maturity up to 1 year) issued by the U.S. Treasury? Which are medium term (maturity between 2 and 10 years)? Which are long term (maturity over 10 years)? 9. a) Treasury Bills b) Treasury Notes c) Treasury Bonds Additional Information Not in Class Notes