Tax Facts

7630 / What are Treasury bonds and Treasury notes?

Treasury bonds and notes are obligations of the federal government. They are essentially similar, except that bonds mature in more than 10 years while Treasury notes have maturity dates ranging from one to 10 years. (Thirty-year bonds are auctioned quarterly in February, May, August, and November, with re-openings in the other eight months.) These obligations are issued in denominations ran...

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