The document provides an overview of Treasury securities, including options, bonds, notes, and bills. It explains the characteristics of each type, such as maturity periods, interest payments, and auction processes. Treasury bonds and notes are direct obligations of the United States, paying fixed interest semi-annually, while Treasury bills are sold at a discount and do not pay interest. The document also includes an example calculation of the discount rate for a 13-week Treasury bill.
doj/DataSet10/EFTA01393114.pdf
{"document_type":"financial","document_subtype":"Treasury Securities Overview","key_organizations":["United States Treasury"]}