108:
975:
408:
354:
781:
1090:
95:
770:
1207:
622:
583:
1148:
1034:
1177:
473:). These are sold through a discount auction process like regular bills, but are irregular in the amount offered, the timing, and the maturity term. CMBs are referred to as "on-cycle" when they mature on the same day as a regular bill issue, and "off-cycle" otherwise. Before the introduction of the four-week bill in 2001, the Treasury sold CMBs routinely to ensure short-term cash availability. Since then CMB auctions have been infrequent except when the Treasury has extraordinary cash needs.
1006:
818:(CPI-U) from a six-month period ending one month prior to the reset time. New rates are published on May 1 and November 1 of every year. During times of deflation the negative inflation rate can wipe out the return of the fixed portion, but the combined rate cannot go below 0% and the bond will not lose value. Series I bonds are the only ones offered as paper bonds since 2011, and those may only be purchased by using a portion of a federal income tax refund.
1062:
1349:
1321:
1118:
33:
257:
1263:
1291:
1235:
945:
707:. When the CPI rises, the principal is adjusted upward; if the index falls, the principal is adjusted downwards. The adjustments to the principal increase interest income when the CPI rises, thus protecting the holder's purchasing power. This "virtually guarantees" a real return over and above the rate of inflation, according to finance scholar Dr. Annette Thau.
561:
450:
Offering amounts for 52-week bills are announced every fourth
Thursday for auction the next Tuesday, and issuance on the following Thursday. The minimum purchase is $ 100; it had been $ 1,000 prior to April 2008. Mature T-bills are also redeemed on each Thursday. Banks and financial institutions, especially
462:
number. For example, the 26-week bill issued on March 22, 2007, and maturing on
September 20, 2007, has the same CUSIP number (912795A27) as the 13-week bill issued on June 21, 2007, and maturing on September 20, 2007, and as the 4-week bill issued on August 23, 2007, that matures on September 20, 2007.
2754:
851:
The State and Local
Government Series (SLGS) is issued to government entities below the federal level which have excess cash that was obtained through the sale of tax-exempt bonds. The federal tax code generally forbids investment of this cash in securities that offer a higher yield than the original
809:
Savings bonds are currently offered in two forms, Series EE and Series I bonds. Series EE bonds pay a fixed rate but are guaranteed to pay at least double the purchase price when they reach initial maturity at 20 years; if the compounded interest has not resulted in a doubling of the initial purchase
169:. Non-marketable securities include savings bonds, issued to the public and transferable only as gifts; the State and Local Government Series (SLGS), purchaseable only with the proceeds of state and municipal bond sales; and the Government Account Series, purchased by units of the federal government.
730:
The secondary market for securities includes T-notes, T-bonds, and TIPS whose interest and principal portions of the security have been separated, or "stripped", in order to sell them separately. The practice derives from the days before computerization, when treasury securities were issued as paper
710:
Finance scholars
Martinelli, Priaulet and Priaulet state that inflation-indexed securities in general (including those used in the United Kingdom and France) provide efficient instruments to diversify portfolios and manage risk because they have a weak correlation with stocks, fixed-coupon bonds and
461:
number. The 13-week bill issued three months after a 26-week bill is considered a re-opening of the 26-week bill and is given the same CUSIP number. The 4-week bill issued two months after that and maturing on the same day is also considered a re-opening of the 26-week bill and shares the same CUSIP
242:
Until the 1970s, the
Treasury offered long-term securities at irregular intervals based on market surveys. These irregular offerings created uncertainty in the money market, especially as the federal deficit increased, and by the end of the decade, the Treasury had shifted to regular and predictable
605:
in thirty-seconds of a dollar. Ordinary
Treasury notes pay a fixed interest rate that is set at auction. Current yields on the 10-year Treasury note are widely followed by investors and the public to monitor the performance of the U.S. government bond market and as a proxy for investor expectations
238:
where securities would be allocated to the highest bidder until their demand was full. If more treasuries were supplied by the government, they would then be allocated to the next highest bidder. This system allowed the market, rather than the government, to set the price. On
December 10, 1929, the
226:
The problems with debt issuance became apparent in the late 1920s. The system suffered from chronic over-subscription, where interest rates were so attractive that there were more purchasers of debt than required by the government. This indicated that the government was paying too much for debt. As
222:
After the war, the
Liberty bonds were reaching maturity, but the Treasury was unable to pay each down fully with only limited budget surpluses. To solve this problem, the Treasury refinanced the debt with variable short and medium-term maturities. Again, the Treasury issued debt through fixed-price
813:
Series I bonds have a variable interest rate that consists of two components. The first is a fixed rate which will remain constant over the life of the bond; the second component is a variable rate reset every six months from the time the bond is purchased based on the current inflation rate as
449:
held weekly. Offering amounts for 13-week and 26-week bills are announced each
Thursday for auction on the following Monday and settlement, or issuance, on Thursday. Offering amounts for 4-week and 8-week bills are announced on Monday for auction the next day, Tuesday, and issuance on Thursday.
651:
The U.S. federal government suspended issuing 30-year
Treasury bonds for four years from February 18, 2002, to February 9, 2006. As the U.S. government used budget surpluses to pay down federal debt in the late 1990s, the 10-year Treasury note began to replace the 30-year Treasury bond as the
830:
system. It is an automatically renewed security with one-day maturity that can be purchased in any amount up to $ 1000, and does not earn interest. An investor can use Certificates of Indebtedness to save funds in a TreasuryDirect account for the purchase of an interest-bearing security.
184:, its strong record of repayment has given Treasury securities a reputation as one of the world's lowest-risk investments. This low risk gives Treasuries a unique place in the financial system, where they are used as cash equivalents by institutions, corporations, and wealthy investors.
806:, often used for personal savings and given as gifts. In 2002, the Treasury Department started changing the savings bond program by lowering interest rates and closing its marketing offices. As of January 1, 2012, financial institutions no longer sell paper savings bonds.
2761:
896:($ 2.6 trillion), state and local governments ($ 2.0 trillion), banks ($ 1.6 trillion), private pension funds ($ 900 billion), insurers ($ 412 billion) and assorted private entities and individuals ($ 5.2 trillion, including $ 178 billion in Savings Bonds).
875:
In June 2023 approximately $ 25 trillion of outstanding Treasury securities, representing 76% of the public debt, belonged to domestic holders. Of this amount $ 6.9 trillion or 21% of the debt was held by agencies of the federal government itself. These
750:). The Treasury does not directly issue STRIPS – they are products of investment banks or brokerage firms – but it does register STRIPS in its book-entry system. STRIPS must be purchased through a broker, and cannot be purchased from TreasuryDirect.
486:
613:, pays interest quarterly based on rates set in periodic auctions of 13-week Treasury bills. As with a conventional fixed-rate instrument, holders are paid the par value of the note when it matures at the end of the two-year term.
2747:
839:
The Government Account Series is the principal form of intragovernmental debt holdings. The government issues GAS securities to federal departments and federally-established entities like the
556:{\displaystyle {\text{discount yield}}\,(\%)={\frac {{\text{face value}}-{\text{purchase value}}}{\text{face value}}}\times {\frac {360}{\text{days till maturity}}}\times 100\,\%}
852:
bond, but SLGS securities are exempt from this restriction. The Treasury issues SLGS securities at its discretion and has suspended sales on several occasions to adhere to the
176:
of the United States, meaning that the government promises to raise money by any legally available means to repay them. Although the United States is a sovereign power and may
445:
Regular T-bills are commonly issued with maturity dates of 4, 8, 13, 17, 26 and 52 weeks, each of these approximating a different number of months. Treasury bills are sold by
2895:
2890:
239:
Treasury issued its first auction. The result was the issuing of $ 224 million three-month bills. The highest bid was at 99.310, with the lowest bid accepted at 99.152.
905:
3328:
2727:
668:
of selling long-dated debt had dropped—the 30-year Treasury bond was re-introduced in February 2006 and is now issued quarterly. In 2019, Treasury Secretary
802:. Unlike Treasury Bonds, they are not marketable, being redeemable only by the original purchaser (or beneficiary in case of death). They remained popular
219:. At this price, subscriptions could be filled in as little as one day, but usually remained open for several weeks, depending on demand for the bond.
3323:
3318:
227:
government debt was undervalued, debt purchasers could buy from the government and immediately sell to another market participant at a higher price.
1847:
2007:
1974:
1628:
274:
3118:
2774:
2770:
2872:
1798:
321:
2884:
735:; traders would literally separate the interest coupons from paper securities for separate resale, while the principal would be resold as a
293:
3022:
1485:
243:
offerings. During the same period, the Treasury began to offer notes and bonds through an auction process based on that used for bills.
2715:
300:
810:
amount, the Treasury makes a one-time adjustment at 20 years to make up the difference. They continue to pay interest until 30 years.
865:
204:. Traditionally, the government borrowed from other countries, but there were no other countries from which to borrow from in 1917.
2902:
2721:
131:
2908:
2822:
307:
88:
399:
The types and procedures for marketable security issues are described in the Treasury's Uniform Offering Circular (31 CFR 356).
3234:
601:
every six months, and are sold in increments of $ 100. T-note prices are quoted on the secondary market as a percentage of the
3333:
2854:
2328:
2114:
1753:
840:
289:
2790:
1865:
695:
issued by the U.S. Treasury. Introduced in 1997, they are currently offered in 5-year, 10-year and 30-year maturities. The
1824:
2651:
2237:
2220:
2207:
1691:
3246:
2646:
1508:
815:
80:
2739:
2281:
134:
to finance government spending, in addition to taxation. Since 2012, the U.S. government debt has been managed by the
3338:
2938:
2164:. U.S. Department of the Treasury. Bureau of the Public Debt, Fiscal Service, Treasury, Vol. 69, No. 157. August 2004
2089:
1958:
1933:
340:
3130:
2978:
1424:
885:
162:
1568:
3136:
2921:
2291:
1603:, TreasuryDirect.gov. U.S. Department of Treasury, Bureau of Public Debt. April 22, 2011. Retrieved May 24, 2011.
476:
Treasury bills are quoted for purchase and sale in the secondary market on an annualized discount percentage, or
1988:
Fleckenstein, Mathias, Longstaff, Francis A. and Lustig, Hanno (October 2014). "The TIPS-Treasury Bond Puzzle".
714:
A 2014 study found that conventional U.S. Treasury bonds were persistently mispriced relative to TIPS, creating
3147:
2955:
2860:
2641:
2517:
576:
278:
676:
was considering issuance of 50-year and even 100-year Treasury bonds, a suggestion which did not materialize.
3272:
3228:
2973:
314:
17:
2022:
3290:
3174:
2967:
1651:
135:
2183:
3266:
2848:
2457:
2049:
791:
764:
438:
and, instead of paying a coupon interest, are eventually redeemed at that par value to create a positive
2282:
U.S. Bureau of the Public Debt: Series A, B, C, D, E, F, G, H, J, and K Savings Bonds and Savings Notes.
1636:
2497:
1600:
877:
853:
2077:
3164:
2321:
1879:
1716:
803:
699:
is fixed at the time of issuance, but the principal is adjusted periodically based on changes in the
139:
1802:
3284:
2656:
3204:
3159:
267:
197:
173:
2158:
2816:
2590:
2492:
692:
657:
212:
1987:
1948:
1534:
107:
3259:
3252:
3240:
3112:
2991:
2878:
2838:
2800:
2636:
2600:
2437:
2396:
2271:
2001:
1902:
223:
subscription, where both the coupon and the price of the debt were dictated by the Treasury.
2136:
3199:
3050:
2866:
2314:
1454:
1444:
700:
673:
446:
368:
234:
where Treasury bills would be sold to the highest bidder. Securities were then issued on a
2286:
8:
3296:
3218:
3192:
3142:
3100:
3078:
3067:
3056:
3044:
3010:
2927:
2778:
2406:
1676:
1123:
660:, along with a need to diversify the Treasury's liabilities—and also because the flatter
230:
In 1929, the US Treasury shifted from the fixed-price subscription system to a system of
3185:
3124:
3094:
3089:
3072:
2998:
2932:
2769:
2482:
1968:
1776:
1464:
774:
652:
general, most-followed metric of the U.S. bond market. However, because of demand from
641:
610:
465:
During periods when Treasury cash balances are particularly low, the Treasury may sell
427:
353:
3278:
3153:
3106:
3061:
2689:
2615:
2467:
2389:
1954:
1929:
1749:
1504:
906:
National debt of the United States § Foreign holders of U.S. Treasury securities
439:
177:
780:
407:
94:
2679:
2550:
2522:
2462:
2447:
1569:"The Emergence of "Regular and Predictable" as a Treasury Debt Management Strategy"
736:
665:
645:
423:
166:
769:
3038:
2950:
2810:
2694:
2684:
2487:
2477:
2472:
2401:
1434:
889:
785:
582:
457:
Like other securities, individual issues of T-bills are identified with a unique
451:
127:
2258:
2595:
2580:
2545:
2532:
2507:
2411:
2379:
2348:
1181:
1010:
827:
669:
621:
181:
910:
As of June 30, 2023, the top foreign holders of U.S. Treasury securities are:
3312:
2699:
2674:
2585:
2570:
2560:
2512:
2452:
2442:
1429:
795:
719:
598:
207:
The Treasury raised funding throughout the war by selling $ 21.5 billion in '
41:
1951:
Fixed Income Securities: Valuation, Risk Management and Portfolio Strategies
892:
system, with $ 5.5 trillion or roughly 17%. Other domestic holders included
3032:
2984:
2827:
2610:
2555:
2502:
2432:
2358:
2296:
2292:
U.S. Treasury Resource Center – Treasury International Capital (TIC) System
881:
799:
653:
602:
208:
161:(TIPS). The government sells these securities in auctions conducted by the
3223:
3211:
3083:
2666:
2605:
2565:
2540:
2416:
2384:
2374:
2337:
1095:
893:
732:
696:
661:
431:
193:
2961:
2159:"Regulations Governing Treasury Securities, New Treasury Direct System"
1949:
Martinelli, Lionel, Priaulet, Phillippe and Priaulet, Stephane (2003).
1067:
477:
281: in this section. Unsourced material may be challenged and removed.
826:
The "Certificate of Indebtedness" (C of I) is issued only through the
2944:
2353:
1799:"The United States on Track to Pay Off the Debt by End of the Decade"
1652:"In desperate bid for cash, the Treasury is auctioning one-day bills"
1354:
1326:
715:
704:
435:
216:
480:. General calculation for the discount yield for Treasury bills is:
256:
3004:
2620:
2575:
2276:
1459:
1439:
235:
201:
1486:"In America, the rich use a different type of money than the poor"
32:
1039:
231:
744:
Separate Trading of Registered Interest and Principal Securities
2238:"Foreign Portfolio Holdings of U.S. Securities as of 6/30/2022"
2221:"Foreign Portfolio Holdings of U.S. Securities as of 6/30/2023"
1535:"Why The U.S. Treasury Began Auctioning Treasury Bills in 1929"
1296:
1268:
1212:
1153:
884:
of the agencies' excess and reserve funds to the Treasury. The
2306:
2301:
2287:
Features and Risks of Treasury Inflation Protection Securities
1953:. Chichester, England: John Wiley & Sons. pp. 16–17.
1928:(Revised ed.). New York: McGraw-Hill. pp. 102–104.
1866:"Individual - Treasury Inflation-Protected Securities (TIPS)"
1594:
1240:
980:
950:
458:
2184:"Monthly Statement of the Public Debt of the United States"
1449:
821:
215:, where officials created coupon price and then sold it at
888:
was also a significant holder as the market agent of the
145:
There are four types of marketable Treasury securities:
866:
National debt of the United States § Debt holdings
798:, also known as war bonds, were widely sold to finance
718:
opportunities and posing "a major puzzle to classical
196:, the U.S. Government increased income taxes (see the
2728:
Securities Industry and Financial Markets Association
1801:. Clinton4nara.gov. December 28, 2000. Archived from
597:) have maturities of 2, 3, 5, 7, or 10 years, have a
489:
2302:
US Treasuries – Key Rates, Prices, Yields, Durations
1743:
846:
1827:. U.S. Department of the Treasury. November 4, 2010
1613:Herold, Thomas (2017). "What are Treasury Bills?".
2272:Bureau of the Public Debt: US Savings Bonds Online
2259:American Bonds: How Credit Markets Shaped a Nation
2243:. U.S. Department of the Treasury. April 28, 2023.
2226:. U.S. Department of the Treasury. April 30, 2024.
2137:"Use Your Federal Tax Refund to Buy Savings Bonds"
555:
102: 30 year treasury minus 3 month treasury bond
1900:
3310:
2210:(December 2023): Ownership of Federal Securities
2047:
2020:
1880:"Treasury Inflation-Protected Securities(TIPS)"
2078:TreasuryDirect Savings Bond Rate Press Release
2073:
2071:
1848:"Mnuchin says 100-year Treasury bond possible"
2755:
2322:
1845:
1528:
1526:
1524:
1522:
1520:
3329:Government bonds issued by the United States
2277:Major Foreign Holders of U.S. Treasury Bonds
2006:: CS1 maint: multiple names: authors list (
1973:: CS1 maint: multiple names: authors list (
834:
784:$ 10,000 Series I US Savings Bond featuring
609:Another type of Treasury note, known as the
2068:
2050:"Treasury takes new whack at savings bonds"
2023:"Treasury takes new whack at savings bonds"
1692:"Why is the 10-year Treasury so important?"
753:
575:in the U.S.; for the earlier meanings, see
2762:
2748:
2716:Commercial Mortgage Securities Association
2329:
2315:
1560:
1517:
794:were created in 1935, and, in the form of
773:$ 500 Series EE US Savings Bond featuring
430:in one year or less. They are bought at a
111:Average interest rate on U.S. Federal debt
2109:
2107:
1741:
703:(CPI), the most commonly used measure of
606:of longer-term macroeconomic conditions.
549:
495:
454:, are the largest purchasers of T-bills.
341:Learn how and when to remove this message
3324:Government finances in the United States
3319:United States Department of the Treasury
2722:International Capital Market Association
2189:. treasurydirect.gov. September 30, 2009
1649:
822:Zero-Percent Certificate of Indebtedness
816:Consumer Price Index for urban consumers
779:
768:
620:
581:
406:
352:
246:
132:United States Department of the Treasury
106:
93:
31:
2823:Maryland Tobacco Inspection Act of 1747
1748:(1 ed.). Kaplan, Inc. p. 60.
1566:
1532:
685:Treasury Inflation-Protected Securities
644:at twenty or thirty years. They have a
159:Treasury Inflation Protected Securities
14:
3311:
2117:. TreasuryDirect.gov. November 1, 2015
2104:
1839:
1779:. U.S. Federal Reserve. April 13, 2011
1769:
1612:
172:Treasury securities are backed by the
2743:
2310:
2021:Pender, Kathleen (December 3, 2007).
1689:
841:Federal Deposit Insurance Corporation
758:
200:) and issued government debt, called
2791:Monetary policy of the United States
2775:central banking in the United States
1923:
1872:
1846:Andrea Shalal (September 12, 2019).
1791:
1777:"Treasury Reintroduces 30-Year Bond"
1650:Buchwald, Elisabeth (June 1, 2023).
1498:
279:adding citations to reliable sources
250:
165:, after which they can be traded in
3073:New York Clearing House Association
2652:Commercial mortgage-backed security
2129:
2115:"I Savings Bonds Rates & Terms"
1882:. TreasuryDirect.gov. April 7, 2011
1629:"Treasury to Issue Four-Week Bills"
725:
358:U.S. Treasury Securities Statistics
73: Effective Federal Funds Rate
24:
2885:Article I of the U.S. Constitution
2647:Collateralized mortgage obligation
2251:
2048:Pender, Kathleen (July 13, 2011).
1901:Benjamin Shephard (July 9, 2008).
1690:Hicks, Coryanne (August 9, 2023).
1567:Garbade, Kenneth D. (March 2007).
550:
499:
154:
150:
146:
25:
3350:
2265:
2092:. U.S. Department of the Treasury
1723:. U.S. Department of the Treasury
1533:Garbade, Kenneth D. (July 2008).
1499:Wang, Joseph (January 18, 2021).
847:State and Local Government Series
742:The modern versions are known as
290:"United States Treasury security"
116:United States Treasury securities
2979:Second Bank of the United States
2090:"Series EE/E Savings Bond Rates"
2054:Treasury Department News Release
1742:Financial, Kaplan (April 2019).
1425:Chiasso financial smuggling case
1347:
1319:
1289:
1261:
1233:
1205:
1175:
1146:
1116:
1088:
1060:
1032:
1004:
973:
943:
899:
886:Federal Reserve Bank of New York
616:
566:
402:
255:
163:Federal Reserve Bank of New York
3137:Compound interest treasury note
2922:First Bank of the United States
2336:
2230:
2213:
2201:
2176:
2151:
2082:
2041:
2014:
1981:
1942:
1917:
1894:
1858:
1817:
1735:
1709:
1683:
1635:. July 23, 2001. Archived from
1633:U.S. Department of the Treasury
648:every six months like T-notes.
266:needs additional citations for
2861:Continental currency banknotes
2642:Collateralized debt obligation
2518:Reverse convertible securities
2262:. Princeton University Press.
1825:"Table of Treasury Securities"
1745:Securities Industry Essentials
1669:
1643:
1621:
1606:
1492:
1478:
577:Treasury Note (disambiguation)
502:
496:
27:US government debt instruments
13:
1:
3229:Specie Payment Resumption Act
2974:Banking in the Jacksonian Era
1471:
3334:Interest-bearing instruments
3291:National Monetary Commission
2297:10 Year Treasury Yield Chart
1576:FRBNY Economic Policy Review
1542:FRBNY Economic Policy Review
571:This is the modern usage of
411:1969 $ 100,000 Treasury Bill
211:.' These bonds were sold at
136:Bureau of the Fiscal Service
67: 3 month Treasury Bill
55: 10 Year Treasury Note
49: 30 Year Treasury Bond
7:
3267:Sherman Silver Purchase Act
2999:New York Safety Fund System
2873:U.S. Finance Superintendent
2849:Second Continental Congress
2458:Contingent convertible bond
2139:. irs.gov. February 1, 2011
2027:The San Francisco Chronicle
1677:"Discount Yield Definition"
1417:
870:
859:
765:United States Savings Bonds
625:1979 $ 10,000 Treasury Bond
61: 2 Year Treasury Note
10:
3355:
2498:Inverse floating rate note
1615:Financial Terms Dictionary
903:
878:intragovernmental holdings
863:
762:
586:1976 $ 5,000 Treasury note
570:
187:
130:instruments issued by the
3175:2nd Industrial Revolution
3173:
3165:Public Credit Act of 1869
3051:Independent U.S. Treasury
3021:
2839:1st Industrial Revolution
2837:
2799:
2786:
2708:
2665:
2629:
2531:
2425:
2367:
2344:
835:Government Account Series
158:
140:Bureau of the Public Debt
3339:Money market instruments
3090:Legal Tender Act of 1862
2903:U.S. Treasury Department
2657:Mortgage-backed security
2426:Types of bonds by payout
2368:Types of bonds by issuer
754:Nonmarketable securities
192:To finance the costs of
42:30 year mortgage average
3205:National Gold Bank Note
3160:Contraction Act of 1866
2909:U.S. Treasury Secretary
843:that have excess cash.
693:inflation-indexed bonds
679:
658:institutional investors
198:War Revenue Act of 1917
2916:U.S. Treasury security
2817:Tobacco Inspection Act
2591:Option-adjusted spread
2493:Inflation-indexed bond
2256:Sarah L. Quinn. 2019.
1990:The Journal of Finance
1924:Thau, Annette (2001).
788:
777:
626:
587:
557:
412:
396:
112:
104:
91:
3260:Juilliard v. Greenman
3253:Refunding Certificate
3119:National banks system
3113:Interest bearing note
2992:McCulloch v. Maryland
2879:Bank of North America
2855:U.S. dollar banknotes
2801:Commercial Revolution
2637:Asset-backed security
2601:Weighted-average life
2438:Auction rate security
1717:"Floating Rate Notes"
904:Further information:
864:Further information:
804:after the end of WWII
783:
772:
656:and large, long-term
624:
585:
558:
467:cash management bills
447:single-price auctions
410:
369:Federal Reserve Notes
356:
247:Marketable securities
174:full faith and credit
110:
97:
35:
3285:Aldrich–Vreeland Act
3200:Currency Act of 1870
2867:Bank of Pennsylvania
2630:Securitized products
1905:. InvestingDaily.com
1455:Strong dollar policy
1445:Inverted yield curve
854:federal debt ceiling
701:consumer price index
674:Trump administration
487:
275:improve this article
3297:Federal Reserve Act
3219:Coinage Act of 1873
3193:Hepburn v. Griswold
3143:Coinage Act of 1864
3101:Fractional currency
3079:Coinage Act of 1857
3068:Coinage Act of 1853
3057:Coinage Act of 1849
3011:Coinage Act of 1834
2928:Coinage Act of 1792
2407:Infrastructure bond
1696:USA TODAY Blueprint
1501:Central Banking 101
1488:. Banking Observer.
640:) have the longest
3247:Silver certificate
3186:Legal Tender Cases
3125:National Bank Note
3107:National Bank Acts
3095:United States Note
2933:United States Mint
2483:Floating rate note
1465:War savings stamps
789:
778:
775:Alexander Hamilton
759:U.S. savings bonds
711:cash equivalents.
627:
611:floating rate note
588:
553:
539:days till maturity
413:
397:
361:(Monthly issuence)
113:
105:
92:
3306:
3305:
3279:Gold Standard Act
3241:Bland–Allison Act
3235:Twenty-cent piece
3154:Three-cent nickel
3062:Three-cent silver
2939:U.S. dollar coins
2737:
2736:
2690:Exchangeable bond
2616:Yield to maturity
2468:Exchangeable bond
2390:Subordinated debt
2208:Treasury Bulletin
1755:978-1-4754-8780-0
1639:on June 10, 2020.
1415:
1414:
922:(in US$ billion)
541:
540:
528:
527:
522:
514:
493:
440:yield to maturity
424:zero-coupon bonds
351:
350:
343:
325:
167:secondary markets
138:, succeeding the
16:(Redirected from
3346:
3131:Gold certificate
2764:
2757:
2750:
2741:
2740:
2680:Convertible bond
2523:Zero-coupon bond
2463:Convertible bond
2448:Commercial paper
2331:
2324:
2317:
2308:
2307:
2245:
2244:
2242:
2234:
2228:
2227:
2225:
2217:
2211:
2205:
2199:
2198:
2196:
2194:
2188:
2180:
2174:
2173:
2171:
2169:
2163:
2155:
2149:
2148:
2146:
2144:
2133:
2127:
2126:
2124:
2122:
2111:
2102:
2101:
2099:
2097:
2086:
2080:
2075:
2066:
2065:
2063:
2061:
2045:
2039:
2038:
2036:
2034:
2018:
2012:
2011:
2005:
1997:
1985:
1979:
1978:
1972:
1964:
1946:
1940:
1939:
1921:
1915:
1914:
1912:
1910:
1903:"Park Your Cash"
1898:
1892:
1891:
1889:
1887:
1876:
1870:
1869:
1862:
1856:
1855:
1843:
1837:
1836:
1834:
1832:
1821:
1815:
1814:
1812:
1810:
1795:
1789:
1788:
1786:
1784:
1773:
1767:
1766:
1764:
1762:
1739:
1733:
1732:
1730:
1728:
1713:
1707:
1706:
1704:
1702:
1687:
1681:
1680:
1673:
1667:
1666:
1664:
1662:
1647:
1641:
1640:
1625:
1619:
1618:
1610:
1604:
1598:
1592:
1591:
1589:
1587:
1573:
1564:
1558:
1557:
1555:
1553:
1539:
1530:
1515:
1514:
1496:
1490:
1489:
1482:
1353:
1351:
1350:
1325:
1323:
1322:
1306:
1295:
1293:
1292:
1267:
1265:
1264:
1239:
1237:
1236:
1211:
1209:
1208:
1192:
1184:
1180:
1179:
1178:
1152:
1150:
1149:
1133:
1122:
1120:
1119:
1094:
1092:
1091:
1066:
1064:
1063:
1038:
1036:
1035:
1013:
1009:
1008:
1007:
990:
979:
977:
976:
960:
949:
947:
946:
937:
930:
923:
913:
912:
814:measured by the
737:zero-coupon bond
726:Coupon stripping
666:opportunity cost
636:, also called a
562:
560:
559:
554:
542:
538:
534:
529:
525:
524:
523:
520:
515:
512:
509:
494:
491:
393:
387:
381:
375:
366:
346:
339:
335:
332:
326:
324:
283:
259:
251:
101:
87:
78:
72:
66:
60:
54:
48:
39:
21:
3354:
3353:
3349:
3348:
3347:
3345:
3344:
3343:
3309:
3308:
3307:
3302:
3177:
3169:
3045:Forstall System
3039:Wildcat banking
3025:
3017:
2951:1792 half disme
2841:
2833:
2811:Bills of credit
2803:
2795:
2782:
2771:Monetary policy
2768:
2738:
2733:
2704:
2695:Extendible bond
2685:Embedded option
2661:
2625:
2527:
2488:High-yield debt
2478:Fixed rate bond
2473:Extendible bond
2421:
2402:Government bond
2397:Distressed debt
2363:
2340:
2335:
2268:
2254:
2252:Further reading
2249:
2248:
2240:
2236:
2235:
2231:
2223:
2219:
2218:
2214:
2206:
2202:
2192:
2190:
2186:
2182:
2181:
2177:
2167:
2165:
2161:
2157:
2156:
2152:
2142:
2140:
2135:
2134:
2130:
2120:
2118:
2113:
2112:
2105:
2095:
2093:
2088:
2087:
2083:
2076:
2069:
2059:
2057:
2046:
2042:
2032:
2030:
2019:
2015:
1999:
1998:
1986:
1982:
1966:
1965:
1961:
1947:
1943:
1936:
1922:
1918:
1908:
1906:
1899:
1895:
1885:
1883:
1878:
1877:
1873:
1864:
1863:
1859:
1844:
1840:
1830:
1828:
1823:
1822:
1818:
1808:
1806:
1805:on June 1, 2010
1797:
1796:
1792:
1782:
1780:
1775:
1774:
1770:
1760:
1758:
1756:
1740:
1736:
1726:
1724:
1721:Treasury Direct
1715:
1714:
1710:
1700:
1698:
1688:
1684:
1675:
1674:
1670:
1660:
1658:
1648:
1644:
1627:
1626:
1622:
1611:
1607:
1599:
1595:
1585:
1583:
1571:
1565:
1561:
1551:
1549:
1537:
1531:
1518:
1511:
1503:. Joseph Wang.
1497:
1493:
1484:
1483:
1479:
1474:
1469:
1435:Government debt
1420:
1411:
1410:
1387:
1386:
1369:
1368:
1348:
1346:
1341:
1340:
1320:
1318:
1313:
1312:
1304:
1290:
1288:
1283:
1282:
1262:
1260:
1255:
1254:
1234:
1232:
1227:
1226:
1206:
1204:
1199:
1198:
1190:
1176:
1174:
1173:
1168:
1167:
1147:
1145:
1140:
1139:
1131:
1117:
1115:
1110:
1109:
1089:
1087:
1082:
1081:
1061:
1059:
1054:
1053:
1033:
1031:
1026:
1025:
1005:
1003:
1002:
997:
996:
988:
974:
972:
967:
966:
958:
944:
942:
935:
934:
928:
927:
921:
920:
908:
902:
890:Federal Reserve
873:
868:
862:
849:
837:
824:
786:Spark Matsunaga
767:
761:
756:
728:
682:
664:meant that the
619:
580:
569:
533:
519:
511:
510:
508:
490:
488:
485:
484:
452:primary dealers
405:
395:
391:
389:
385:
383:
379:
377:
373:
371:
364:
362:
359:
347:
336:
330:
327:
284:
282:
272:
260:
249:
236:pro rata system
190:
128:government debt
103:
99:
85:
84:
76:
74:
70:
68:
64:
62:
58:
56:
52:
50:
46:
44:
37:
28:
23:
22:
15:
12:
11:
5:
3352:
3342:
3341:
3336:
3331:
3326:
3321:
3304:
3303:
3301:
3300:
3294:
3288:
3282:
3276:
3270:
3264:
3256:
3250:
3244:
3238:
3232:
3226:
3221:
3216:
3208:
3202:
3197:
3189:
3181:
3179:
3171:
3170:
3168:
3167:
3162:
3157:
3151:
3148:Two-cent piece
3145:
3140:
3134:
3128:
3127:(1863–c. 1930)
3122:
3116:
3110:
3104:
3098:
3092:
3087:
3081:
3076:
3070:
3065:
3059:
3054:
3048:
3042:
3036:
3029:
3027:
3019:
3018:
3016:
3015:
3014:
3013:
3008:
3002:
2996:
2988:
2982:
2971:
2965:
2959:
2953:
2948:
2942:
2936:
2930:
2925:
2919:
2918:(1789–present)
2913:
2912:
2911:
2900:
2899:
2898:
2893:
2882:
2876:
2870:
2864:
2858:
2852:
2845:
2843:
2835:
2834:
2832:
2831:
2825:
2820:
2814:
2813:(c. 1690–1750)
2807:
2805:
2797:
2796:
2794:
2793:
2787:
2784:
2783:
2767:
2766:
2759:
2752:
2744:
2735:
2734:
2732:
2731:
2725:
2719:
2712:
2710:
2706:
2705:
2703:
2702:
2697:
2692:
2687:
2682:
2677:
2671:
2669:
2663:
2662:
2660:
2659:
2654:
2649:
2644:
2639:
2633:
2631:
2627:
2626:
2624:
2623:
2618:
2613:
2608:
2603:
2598:
2596:Risk-free bond
2593:
2588:
2583:
2581:Mortgage yield
2578:
2573:
2568:
2563:
2558:
2553:
2548:
2543:
2537:
2535:
2533:Bond valuation
2529:
2528:
2526:
2525:
2520:
2515:
2510:
2508:Perpetual bond
2505:
2500:
2495:
2490:
2485:
2480:
2475:
2470:
2465:
2460:
2455:
2450:
2445:
2440:
2435:
2429:
2427:
2423:
2422:
2420:
2419:
2414:
2412:Municipal bond
2409:
2404:
2399:
2394:
2393:
2392:
2387:
2380:Corporate bond
2377:
2371:
2369:
2365:
2364:
2362:
2361:
2356:
2351:
2345:
2342:
2341:
2334:
2333:
2326:
2319:
2311:
2305:
2304:
2299:
2294:
2289:
2284:
2279:
2274:
2267:
2266:External links
2264:
2253:
2250:
2247:
2246:
2229:
2212:
2200:
2175:
2150:
2128:
2103:
2081:
2067:
2040:
2013:
1980:
1959:
1941:
1934:
1916:
1893:
1871:
1857:
1838:
1816:
1790:
1768:
1754:
1734:
1708:
1682:
1668:
1642:
1620:
1605:
1601:Treasury Bills
1593:
1559:
1516:
1510:978-0999136744
1509:
1491:
1476:
1475:
1473:
1470:
1468:
1467:
1462:
1457:
1452:
1447:
1442:
1437:
1432:
1427:
1421:
1419:
1416:
1413:
1412:
1408:
1407:
1405:
1400:
1395:
1389:
1388:
1384:
1383:
1381:
1378:
1375:
1371:
1370:
1366:
1365:
1363:
1360:
1357:
1343:
1342:
1338:
1337:
1335:
1332:
1329:
1315:
1314:
1310:
1309:
1307:
1302:
1299:
1285:
1284:
1280:
1279:
1277:
1274:
1271:
1257:
1256:
1252:
1251:
1249:
1246:
1243:
1229:
1228:
1224:
1223:
1221:
1218:
1215:
1201:
1200:
1196:
1195:
1193:
1188:
1185:
1182:Cayman Islands
1170:
1169:
1165:
1164:
1162:
1159:
1156:
1142:
1141:
1137:
1136:
1134:
1129:
1126:
1112:
1111:
1107:
1106:
1104:
1101:
1098:
1084:
1083:
1079:
1078:
1076:
1073:
1070:
1056:
1055:
1051:
1050:
1048:
1045:
1042:
1028:
1027:
1023:
1022:
1020:
1017:
1014:
1011:United Kingdom
999:
998:
994:
993:
991:
986:
983:
969:
968:
964:
963:
961:
956:
953:
939:
938:
936:long-term debt
931:
929:since June '22
924:
917:
901:
898:
872:
869:
861:
858:
848:
845:
836:
833:
828:TreasuryDirect
823:
820:
796:Series E bonds
763:Main article:
760:
757:
755:
752:
727:
724:
681:
678:
672:said that the
670:Steven Mnuchin
646:coupon payment
630:Treasury bonds
618:
615:
599:coupon payment
591:Treasury notes
568:
565:
564:
563:
552:
548:
545:
537:
532:
521:purchase value
518:
507:
504:
501:
498:
492:discount yield
416:Treasury bills
404:
401:
390:
384:
378:
372:
363:
360:
357:
349:
348:
263:
261:
254:
248:
245:
189:
186:
155:Treasury bonds
151:Treasury notes
147:Treasury bills
118:, also called
98:
75:
69:
63:
57:
51:
45:
36:
26:
9:
6:
4:
3:
2:
3351:
3340:
3337:
3335:
3332:
3330:
3327:
3325:
3322:
3320:
3317:
3316:
3314:
3298:
3295:
3292:
3289:
3286:
3283:
3280:
3277:
3274:
3273:Treasury Note
3271:
3268:
3265:
3262:
3261:
3257:
3254:
3251:
3248:
3245:
3242:
3239:
3236:
3233:
3230:
3227:
3225:
3222:
3220:
3217:
3214:
3213:
3209:
3206:
3203:
3201:
3198:
3195:
3194:
3190:
3188:
3187:
3183:
3182:
3180:
3176:
3172:
3166:
3163:
3161:
3158:
3155:
3152:
3149:
3146:
3144:
3141:
3138:
3135:
3132:
3129:
3126:
3123:
3120:
3117:
3114:
3111:
3108:
3105:
3102:
3099:
3096:
3093:
3091:
3088:
3085:
3082:
3080:
3077:
3074:
3071:
3069:
3066:
3063:
3060:
3058:
3055:
3052:
3049:
3046:
3043:
3040:
3037:
3034:
3031:
3030:
3028:
3024:
3023:Civil War Era
3020:
3012:
3009:
3006:
3003:
3000:
2997:
2994:
2993:
2989:
2986:
2983:
2980:
2977:
2976:
2975:
2972:
2969:
2968:Treasury Note
2966:
2963:
2960:
2957:
2954:
2952:
2949:
2946:
2943:
2940:
2937:
2934:
2931:
2929:
2926:
2923:
2920:
2917:
2914:
2910:
2906:
2905:
2904:
2901:
2897:
2894:
2892:
2888:
2887:
2886:
2883:
2880:
2877:
2874:
2871:
2868:
2865:
2862:
2859:
2856:
2853:
2850:
2847:
2846:
2844:
2840:
2836:
2829:
2828:Currency Acts
2826:
2824:
2821:
2818:
2815:
2812:
2809:
2808:
2806:
2802:
2798:
2792:
2789:
2788:
2785:
2780:
2776:
2772:
2765:
2760:
2758:
2753:
2751:
2746:
2745:
2742:
2729:
2726:
2723:
2720:
2717:
2714:
2713:
2711:
2707:
2701:
2700:Puttable bond
2698:
2696:
2693:
2691:
2688:
2686:
2683:
2681:
2678:
2676:
2675:Callable bond
2673:
2672:
2670:
2668:
2664:
2658:
2655:
2653:
2650:
2648:
2645:
2643:
2640:
2638:
2635:
2634:
2632:
2628:
2622:
2619:
2617:
2614:
2612:
2609:
2607:
2604:
2602:
2599:
2597:
2594:
2592:
2589:
2587:
2586:Nominal yield
2584:
2582:
2579:
2577:
2574:
2572:
2569:
2567:
2564:
2562:
2561:Current yield
2559:
2557:
2556:Credit spread
2554:
2552:
2549:
2547:
2544:
2542:
2539:
2538:
2536:
2534:
2530:
2524:
2521:
2519:
2516:
2514:
2513:Puttable bond
2511:
2509:
2506:
2504:
2501:
2499:
2496:
2494:
2491:
2489:
2486:
2484:
2481:
2479:
2476:
2474:
2471:
2469:
2466:
2464:
2461:
2459:
2456:
2454:
2451:
2449:
2446:
2444:
2443:Callable bond
2441:
2439:
2436:
2434:
2431:
2430:
2428:
2424:
2418:
2415:
2413:
2410:
2408:
2405:
2403:
2400:
2398:
2395:
2391:
2388:
2386:
2383:
2382:
2381:
2378:
2376:
2373:
2372:
2370:
2366:
2360:
2357:
2355:
2352:
2350:
2347:
2346:
2343:
2339:
2332:
2327:
2325:
2320:
2318:
2313:
2312:
2309:
2303:
2300:
2298:
2295:
2293:
2290:
2288:
2285:
2283:
2280:
2278:
2275:
2273:
2270:
2269:
2263:
2261:
2260:
2239:
2233:
2222:
2216:
2209:
2204:
2185:
2179:
2160:
2154:
2138:
2132:
2116:
2110:
2108:
2091:
2085:
2079:
2074:
2072:
2055:
2051:
2044:
2028:
2024:
2017:
2009:
2003:
1995:
1991:
1984:
1976:
1970:
1962:
1960:0-470-85277-1
1956:
1952:
1945:
1937:
1935:0-07-135862-5
1931:
1927:
1926:The Bond Book
1920:
1904:
1897:
1881:
1875:
1867:
1861:
1853:
1849:
1842:
1826:
1820:
1804:
1800:
1794:
1778:
1772:
1757:
1751:
1747:
1746:
1738:
1722:
1718:
1712:
1697:
1693:
1686:
1678:
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1609:
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1597:
1581:
1577:
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1563:
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1525:
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1345:
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1333:
1330:
1328:
1317:
1316:
1308:
1303:
1300:
1298:
1287:
1286:
1278:
1275:
1272:
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1259:
1258:
1250:
1247:
1244:
1242:
1231:
1230:
1222:
1219:
1216:
1214:
1203:
1202:
1194:
1189:
1186:
1183:
1172:
1171:
1163:
1160:
1157:
1155:
1144:
1143:
1135:
1130:
1127:
1125:
1114:
1113:
1105:
1102:
1099:
1097:
1086:
1085:
1077:
1074:
1071:
1069:
1058:
1057:
1049:
1046:
1043:
1041:
1030:
1029:
1021:
1018:
1015:
1012:
1001:
1000:
992:
987:
984:
982:
971:
970:
962:
957:
954:
952:
941:
940:
932:
925:
918:
915:
914:
911:
907:
900:International
897:
895:
891:
887:
883:
882:time deposits
879:
867:
857:
855:
844:
842:
832:
829:
819:
817:
811:
807:
805:
801:
797:
793:
792:Savings bonds
787:
782:
776:
771:
766:
751:
749:
745:
740:
738:
734:
723:
721:
720:asset pricing
717:
712:
708:
706:
702:
698:
694:
690:
686:
677:
675:
671:
667:
663:
659:
655:
654:pension funds
649:
647:
643:
639:
635:
631:
623:
617:Treasury bond
614:
612:
607:
604:
600:
596:
592:
584:
578:
574:
573:Treasury note
567:Treasury note
546:
543:
535:
530:
516:
505:
483:
482:
481:
479:
474:
472:
468:
463:
460:
455:
453:
448:
443:
441:
437:
433:
429:
425:
421:
417:
409:
403:Treasury bill
400:
370:
355:
345:
342:
334:
323:
320:
316:
313:
309:
306:
302:
299:
295:
292: –
291:
287:
286:Find sources:
280:
276:
270:
269:
264:This section
262:
258:
253:
252:
244:
240:
237:
233:
228:
224:
220:
218:
214:
210:
209:Liberty bonds
205:
203:
199:
195:
185:
183:
179:
175:
170:
168:
164:
160:
156:
152:
148:
143:
141:
137:
133:
129:
125:
121:
117:
109:
96:
90:
82:
81:CPI inflation
43:
34:
30:
19:
18:Treasury bill
3258:
3210:
3191:
3184:
3109:(1863; 1864)
3033:Free banking
2990:
2985:Suffolk Bank
2915:
2891:Section VIII
2830:(1751; 1764)
2709:Institutions
2667:Bond options
2611:Yield spread
2503:Lottery bond
2433:Accrual bond
2359:Fixed income
2257:
2255:
2232:
2215:
2203:
2191:. Retrieved
2178:
2166:. Retrieved
2153:
2141:. Retrieved
2131:
2119:. Retrieved
2094:. Retrieved
2084:
2060:November 25,
2058:. Retrieved
2053:
2043:
2033:February 14,
2031:. Retrieved
2026:
2016:
2002:cite journal
1993:
1989:
1983:
1950:
1944:
1925:
1919:
1907:. Retrieved
1896:
1884:. Retrieved
1874:
1860:
1851:
1841:
1829:. Retrieved
1819:
1807:. Retrieved
1803:the original
1793:
1781:. Retrieved
1771:
1761:November 29,
1759:. Retrieved
1744:
1737:
1725:. Retrieved
1720:
1711:
1699:. Retrieved
1695:
1685:
1671:
1659:. Retrieved
1656:CNN Business
1655:
1645:
1637:the original
1632:
1623:
1614:
1608:
1596:
1584:. Retrieved
1579:
1575:
1562:
1550:. Retrieved
1545:
1541:
1500:
1494:
1480:
1402:
1397:
1392:
916:Debt holder
909:
894:mutual funds
880:function as
874:
850:
838:
825:
812:
808:
800:World War II
790:
747:
743:
741:
733:bearer bonds
729:
713:
709:
688:
684:
683:
650:
637:
633:
629:
628:
608:
594:
590:
589:
572:
475:
470:
466:
464:
456:
444:
419:
415:
414:
398:
337:
328:
318:
311:
304:
297:
285:
273:Please help
268:verification
265:
241:
229:
225:
221:
213:subscription
206:
191:
171:
144:
123:
119:
115:
114:
29:
3293:(1909–1912)
3275:(1890–1891)
3255:(1879–1907)
3249:(1878–1964)
3237:(1875–1878)
3224:Free silver
3212:Knox v. Lee
3207:(1870–1875)
3178:(1870–1914)
3156:(1865–1889)
3150:(1864–1873)
3139:(1863–1864)
3133:(1863–1933)
3121:(1863–1913)
3115:(1863–1865)
3103:(1862–1876)
3097:(1862–1971)
3086:(1861–1862)
3084:Demand Note
3075:(1853–1863)
3064:(1851–1873)
3053:(1846–1913)
3047:(1842–1865)
3041:(1836–1865)
3035:(1836–1865)
3026:(1840–1870)
3007:, 1832–1836
3001:, 1829–1842
2987:, 1818–1858
2981:, 1816–1836
2970:(1812–1913)
2964:(1793–1857)
2958:(1793–1857)
2947:(1792–1873)
2935:(1792–1873)
2924:(1791–1811)
2907:1789–1913;
2889:1787–1788;
2881:(1781–1791)
2875:(1781–1785)
2869:(1780–1781)
2863:(1775–1779)
2851:(1776–1780)
2842:(1760–1840)
2804:(1607–1760)
2606:Yield curve
2566:Dirty price
2541:Clean price
2417:Global bond
2385:Senior debt
2375:Agency bond
2338:Bond market
2193:November 4,
1809:October 23,
1701:October 17,
1096:Switzerland
697:coupon rate
662:yield curve
394: Bills
388: Notes
382: Bonds
194:World War I
3313:Categories
2962:Large cent
2056:. Treasury
1783:August 22,
1586:January 3,
1472:References
1068:Luxembourg
526:face value
513:face value
376: TIPS
301:newspapers
232:auctioning
120:Treasuries
89:Recessions
2956:Half cent
2945:Half dime
2896:Section X
2546:Convexity
2354:Debenture
2143:April 27,
1969:cite book
1886:April 27,
1831:April 27,
1727:April 27,
1552:April 27,
1355:Singapore
1327:Hong Kong
933:% held as
722:theory."
716:arbitrage
705:inflation
638:long bond
603:par value
551:%
544:×
531:×
517:−
500:%
436:par value
331:July 2021
217:par value
202:war bonds
124:Treasurys
83:year/year
3005:Bank War
2779:pre–1913
2621:Z-spread
2576:I-spread
2571:Duration
2096:July 19,
2029:. Hearst
1460:War bond
1440:Interest
1418:See also
1377:1,912.9
955:1,103.5
926:% change
871:Domestic
860:Holdings
642:maturity
432:discount
182:recourse
180:without
2941:(1792–)
2857:(1775–)
2730:(SIFMA)
2168:May 17,
2121:June 6,
1909:May 17,
1852:Reuters
1661:June 5,
1398:7,613.2
1374:others
1124:Ireland
1040:Belgium
995:>99%
634:T-bonds
595:T-notes
434:of the
420:T-bills
315:scholar
188:History
178:default
79:
3299:(1913)
3287:(1908)
3281:(1900)
3269:(1890)
3263:(1884)
3243:(1878)
3231:(1875)
3215:(1871)
3196:(1870)
2995:, 1819
2819:(1730)
2724:(ICMA)
2718:(CMSA)
2551:Coupon
2453:Consol
1957:
1932:
1752:
1507:
1430:Consol
1359:186.6
1352:
1331:198.9
1324:
1305:(− 8%)
1301:216.0
1297:France
1294:
1273:227.5
1269:Brazil
1266:
1245:235.1
1238:
1217:241.1
1213:Taiwan
1210:
1191:(– 9%)
1187:273.7
1158:273.8
1154:Canada
1151:
1132:(− 3%)
1128:276.4
1121:
1100:304.3
1093:
1072:329.0
1065:
1044:330.1
1037:
1016:670.0
989:(−11%)
985:834.1
978:
959:(−10%)
948:
748:STRIPS
691:) are
428:mature
422:) are
392:
386:
380:
374:
367:
365:
317:
310:
303:
296:
288:
157:, and
126:, are
100:
86:
77:
71:
65:
59:
53:
47:
40:
38:
2241:(PDF)
2224:(PDF)
2187:(PDF)
2162:(PDF)
1572:(PDF)
1538:(PDF)
1393:Total
1380:+14%
1362:+ 4%
1334:+ 7%
1276:+ 1%
1248:+13%
1241:India
1220:+ 4%
1161:+34%
1103:+ 5%
1075:+ 8%
1047:+22%
1019:+ 9%
981:China
951:Japan
919:Total
478:basis
459:CUSIP
426:that
322:JSTOR
308:books
2773:and
2349:Bond
2195:2009
2170:2011
2145:2011
2123:2017
2098:2008
2062:2011
2035:2007
2008:link
1996:(5).
1994:LXIX
1975:link
1955:ISBN
1930:ISBN
1911:2011
1888:2011
1833:2011
1811:2009
1785:2012
1763:2019
1750:ISBN
1729:2022
1703:2023
1663:2023
1588:2013
1554:2011
1505:ISBN
1450:Risk
1403:+ 3%
689:TIPS
680:TIPS
471:CMBs
294:news
1582:(1)
1548:(1)
1409:87%
1385:84%
1367:96%
1339:85%
1311:91%
1281:98%
1253:99%
1225:98%
1197:57%
1166:91%
1138:73%
1108:80%
1080:77%
1052:79%
1024:87%
965:94%
547:100
536:360
277:by
122:or
3315::
2106:^
2070:^
2052:.
2025:.
2004:}}
2000:{{
1992:.
1971:}}
1967:{{
1850:.
1719:.
1694:.
1654:.
1631:.
1580:13
1578:.
1574:.
1546:14
1544:.
1540:.
1519:^
856:.
739:.
442:.
153:,
149:,
142:.
2781:)
2777:(
2763:e
2756:t
2749:v
2330:e
2323:t
2316:v
2197:.
2172:.
2147:.
2125:.
2100:.
2064:.
2037:.
2010:)
1977:)
1963:.
1938:.
1913:.
1890:.
1868:.
1854:.
1835:.
1813:.
1787:.
1765:.
1731:.
1705:.
1679:.
1665:.
1617:.
1590:.
1556:.
1513:.
746:(
687:(
632:(
593:(
579:.
506:=
503:)
497:(
469:(
418:(
344:)
338:(
333:)
329:(
319:·
312:·
305:·
298:·
271:.
20:)
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