Treasuries are negotiable debt obligations of the U.S. government, secured by its full faith and credit, and issued at various schedules and maturities. The income from U.S. Treasury securities is exempt from state and local taxes but subject to federal taxes.
Intermediate-term (one to 10 years) obligation of the U.S. government that bears interest paid by coupon. Treasury notes carry the highest domestic credit standing and have the lowest taxable yield available at equivalent maturity.
