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Securities & Exchange <br />Commission: Agency created by ConFess to protect investors in <br /> securities transactions by administering securities <br /> legislation. <br /> <br />Treasury Securities: Investments 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 <br /> most liquid and safest investment next to cash. The <br /> treasuries are used as benchmark comparisons for other <br /> types of investments. Treasury securities are issued <br /> with various schedules and maturities. <br /> <br /> 1. Treasury Bills - Short-term with maturities one <br /> year or less. They are issued at a discount from <br /> face value. <br /> <br /> 2. Treasury Notes - Intermediate securities with <br /> maturities of 1 to 10 years. <br /> <br /> 3. Treasury Bonds - Long-term securities with <br /> maturities 10 years or longer. <br /> <br />Yield: The rate of annual income return on an investment, <br /> expressed as a percentage. <br /> <br />(fgloss.sy2) 3 <br /> <br /> <br />