Treasury bond

Treasury Bonds are a family of bills, notes, and bonds issued by the U.S. Treasury.

Treasury Bonds are issued by the US treasury in groups of three maturity ranges:
 * Bills have a range up to one year;
 * Notes have a range between one year and ten years;
 * Bonds have a range greater than ten years.

Treasury bonds are usually not callable. Treasuries also carry the full faith and credit backing of the US government. The interest income is exempt from state tax. Treasuries can be purchased through brokerages and banks as well as through an individual or entity account at Treasury Direct. Government agencies also issue debt, some of which is backed by the full faith and credit of the government and some which is not.