Government Bonds

In this section

• U.S. Treasury Securities
  Understand the main U.S. Treasury instruments and how maturity and inflation protection affect their use.
  • Treasury Bills (T-Bills)
    Review short-term Treasury bills, their discount pricing, and their role in cash management and yield benchmarks.
  • Treasury Notes (T-Notes)
    Understand Treasury notes as medium-term government securities used across the benchmark yield curve.
  • Treasury Bonds (T-Bonds)
    Review long-term Treasury bonds and how maturity extends duration and interest rate sensitivity.
  • Treasury Inflation-Protected Securities (TIPS)
    Learn how TIPS adjust principal for inflation and help investors manage purchasing-power risk.
• Government Agency Bonds
  Compare federal agency securities and GSE debt, including the differences in guarantees and credit perception.
  • Federal Agency Securities
    Understand bonds issued by federal agencies and the role of explicit government backing in fixed income analysis.
  • Government-Sponsored Enterprises (GSEs)
    Review GSE debt, implicit support expectations, and the risks that distinguish it from Treasuries.
• Municipal Bonds
  Study municipal bonds, their public-purpose funding role, and the main structures used in the muni market.
  • General Obligation Bonds
    Understand general obligation bonds, their tax-backed security, and their place in municipal credit analysis.
  • Revenue Bonds
    Review revenue bonds and how project cash flows, not taxing power, support repayment.
  • Tax Treatment of Municipal Bonds
    Learn how tax-exempt income and taxable-equivalent yield affect municipal bond evaluation.