Short-term bonds are bonds issued to raise short-term funds. Generally, the term is within one year. Some medium-and long-term bonds circulating in the market with a maturity of less than one year are also regarded as short-term bonds. Short-term bonds have the advantages of strong liquidity and low risk, so they are often welcomed by ordinary investors.

However, its output is also very low. There are financial institutions, companies and individuals who buy short-term bonds. Financial institutions, in particular, buy more short-term government bonds and short-term corporate bonds and regard them as secondary reserves of their own assets.