First of all, the issuers of US debt and US Treasury bonds are different. US Treasury bonds are government bonds issued by the US Treasury, while US Treasury bonds are government bonds issued by the Federal Reserve.
Secondly, their market positioning is also different. In the market, US bonds usually refer to bonds with various maturities in the US Treasury bond market, including 3-month bonds, 6-month bonds, 1 year bonds and 2-year bonds. 10-year US Treasury bonds refer to US Treasury bonds with a specific maturity of 10 years.
In addition, interest rates may be different. The interest rates of US debt and US Treasury bonds are driven by market supply and demand, so there may be differences between them. In general, the interest rate of 10-year US Treasury bonds is relatively stable, while the specific interest rate of US Treasury bonds will change with market conditions.
Finally, the investment risks are different. U.S. Treasury bonds are regarded as one of the safest investments in the world because the U.S. government has the ability to repay its debts. In contrast, other types of American debt, such as corporate bonds or local government bonds, may have higher risks.
To sum up, there are some differences between 10-year US bonds and 10-year US bonds in terms of issuers, market position, interest rates and investment risks.