§ 101231 Public Bond Investment Rules

• •The government can buy bonds or notes directly when they are first sold.
• •The government can also buy bonds or notes later from someone else.
• •This helps the government invest money in things like schools or roads.

Imagine the government wants to buy a bond that a city is selling to build a new school.

The government can buy that bond right when the city first sells it, or they can buy it later from someone else who already owns it.