special treasury bonds

基本解释

China's central government is to issue RMB8b treasury bonds in the Hong Kong Special Administrative Region, the Ministry of Finance announced Monday.
财政部22日宣布，中央政府将于近期在香港发行80亿元人民币国债。
www.chinadaily.com.cn
And the U.S. Treasury has a special program for individual investors to help cut out the middleman (in this case, your broker) and help you to purchase T-Bonds, Bills, and Notes.
美国财政部更有一套专门的程序可以让个人投资者跳过中间商（在这种交易中，即为经纪人），并且帮你买到短期、中期、长期国库券。
But special attention should be paid to the negative correlation between central government treasury bonds and macro-tax rate level.
但是中央政府国债依存度与宏观税率水平存在负相关关系值得特别注意。

Oh wait, Lerach has an answer for that, too: The government will swap all those risky stocks for special inflation-protected Treasury bonds yielding 7% or 8%.
FORBES: Lerach Blames Pension Woes On Pay-To-Play -- Theirs, Not His