U. S. Government Treasury Securities
U. S. Treasury Bills, Notes & Bonds
Bills are negotiable debt obligations issued by the U. S. Government
and backed by its full faith and credit, having a maturity of one year or less. Exempt from
state and local taxes. Also called a U. S. Treasury Bill.
Notes are negotiable debt obligations issued by the U. S. Government
and backed by its full faith and credit, having a maturity of between 1 and 10 years. Also
called a U. S. Treasury Note.
Bonds are negotiable, coupon-bearing debt obligations issued by the
U. S. Government and backed by its full faith and credit, having a maturity of more than 10
years. Interest is paid semi-annually. Exempt from state and local taxes. Also called a
U. S. Treasury Bond.
Zero Coupon Strips
Issued by the U. S. Government, by corporations, and by municipalities. Issued at
discount, with interest accreted during the period until maturity and with par
value paid at maturity date.
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