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Discover Ludwig"treasury bill" is correct and usable in written English.
You could use it to refer to a short-term debt obligation issued by the government, usually with a maturity of one year or less. For example, "I invested my money in a treasury bill because I wanted a safe, low-risk investment option."
Dictionary
treasury bill
noun
A government obligation, sold at a discount, maturing in one year or less, and pays no interest prior to maturity.
synonyms
Exact(57)
Offered at a price of par, the notes carry an interest rate of 35-hundredths of a percentage point above the 91-day Treasury bill, and will be reset on the day after each weekly Treasury-bill auction.
Treasury bill rates declined.
Treasury bill rates eased slightly.
"Treasury bill yields are rising.
Short-term Treasury bill rates dipped slightly.
Short-term Treasury bill rates fell slightly.
Short-term Treasury bill rates rose slightly.
Short-term Treasury bill rates rose.
Similar(3)
Table 4, describes the Secondary Market, real one-year Philippine Treasury Bill, and inflation rates from 2007 to 2015.
PERSONAL HISTORY about working as a Treasury-bill trader for Lehman Brothers… Treasury-bill trading is a mean and scrappy business….
We've also adjusted the funds' returns for risk by comparing the funds' volatility to the U.S. Treasury Bill Index.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com