The 2-year treasury bond is a fixed income bond issued by the U.S. government with a term of 2 years and is issued in February, May, August and November each year. The issuer of this bond is the US Treasury Department, with the aim of raising funds to meet the government's expenditure needs.

The face value of the US two-year treasury bond is $100, and the interest is paid every six months. The interest rate of this bond is fixed, which means that a certain amount of interest is paid every 6 months until the maturity date. The bond maturity date is 2 years after the issuance date, and investors can recover the face value at maturity. The yield of this bond is usually higher than short-term bonds, but lower than long-term bonds because their maturity is relatively short.

The US two-year treasury bond bond is a relatively safe investment option because the US government has the ability to pay its debts. The yield of the bond is also affected by changes in the US economy and interest rates. If the market expects the Federal Reserve to raise interest rates, the yield of the bond may rise, and vice versa.

Investors can buy American two-year treasury bond bonds through stock exchanges or brokers, or directly through TreasuryDirect system. The liquidity of this bond is high because its maturity is relatively short, allowing investors to sell the bond at any time when they need funds.

In short, the US two-year treasury bond is a relatively safe, short-term and highly liquid investment option, suitable for investors who want to obtain a certain return and maintain their value. Due to its short term, the bonds are usually used for medium-term investment plans, such as education funds, housing improvements, etc.