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Treasury Securities <br /> <br />Yield <br /> <br />Investmems in debt obligations of the U.S. Government. <br />These are backed by the full faith and credit of the U.S. <br />Government. Treasury securities are considered the most <br />liquid and safest investment next to cash. The treasuries are <br />used as benchmark comparisons for other types of <br />investments. Treasury securities are issued with various <br />schedules and maturities. <br /> <br />1. Treasury Bills - Short-term with maturities one year or <br /> less. They are issued at a discount from face value. <br /> <br />2. Treasury Notes - Intermediate securities with maturities <br /> ofl to 10years. <br /> <br />3. Treasury Bonds - Longer-term securities with maturities <br /> 10 years or longer. <br /> <br />The rate of annual income return on an investment, <br />expressed as a percentage. <br /> <br />Investment Glossary.doc 3 <br /> <br /> <br />