Treasury Bills, Notes & Bonds

App sections:

- Treasury Bills. Treasury bills, or T-bills, are sold in terms ranging from a few days to 52 weeks. Bills are typically sold at a discount from the par amount (par amount is also called face value).
- Treasury Notes. Treasury notes, sometimes called T-Notes, earn a fixed rate of interest every six months until maturity. Notes are issued in terms of 2, 3, 5, 7, and 10 years.
- Treasury Inflation-Protected Securities. Treasury Inflation-Protected Securities, or TIPS, provide protection against inflation. The principal of a TIPS increases with inflation and decreases with deflation, as measured by the Consumer Price Index. When a TIPS matures, you are paid the adjusted principal or original principal, whichever is greater.
- Treasury Bonds. Treasury bonds pay a fixed rate of interest every six months until they mature. They are issued in a term of 30 years.
- Floating Rate Notes (FRNs). The U.S. Treasury began issuing Floating Rate Notes (FRNs) in January 2014. Issued for a term of two years, FRNs pay varying amounts of interest quarterly until maturity. Interest payments rise and fall based on discount rates in auctions of 13-week Treasury bills.
- Treasury Bills. Treasury bills, or T-bills, are sold in terms ranging from a few days to 52 weeks. Bills are typically sold at a discount from the par amount (par amount is also called face value).
- Series EE Savings Bonds. Series EE savings bonds are low-risk savings products that pay interest for up to 30 years. The only way to buy EE bonds is to buy them in electronic form in TreasuryDirect. We no longer issue EE bonds in paper form.
- Series I Savings Bonds. Series I savings bonds are a low-risk savings product. During their lifetime they earn interest and are protected from inflation.
- Auctions. One way the federal government finances its activities is by the sale of marketable Treasury bills, notes, bonds, Floating Rate Notes (FRNs), and Treasury Inflation-Protected Securities (TIPS) to the public.
- Payroll Savings. Payroll Savings is a safe and easy way to purchase Treasury securities on a regular basis.