Debt securities issued by the United States government. Treasury bills usually have maturities of less than one year, while Treasury notes have maturities between one and 10 years, and Treasury bonds have maturities between 10 and 30 years. The federal government guarantees U.S. Treasury securities as to the timely payment of principal and interest. However, if you sell a Treasury security before maturity, it could be worth more or less than the original price paid.
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