Tresury Direct

Question 1

Treasury Bills

Answer 1

Short-term government securities with maturities ranging from a few days to 52 weeks.
Bills are sold at a discount from their face value

Question 2

Treasury Notes

Answer 2

Government securities that are issued with maturities of 2, 3, 5, 7, and 10 years and pay
interest every six months.

Question 3

Treasury Bonds

Answer 3

Pay interest every six months and mature in 20 years or 30 years.

Question 4

Treasury Inflation-Protected Securities (TIPS)

Answer 4

Marketable securities whose principal is adjusted by changes in the Consumer Price Index. TIPS
pay interest every six months and are issued with maturities of 5, 10, and 30 years.

Question 5

Floating Rate Notes (FRNs)

Answer 5

Interest payments on an FRN rise and fall based on discount rates for 13-week Treasury bills. FRNs are
issued for a term of 2 years and pay interest quarterly.

Question 6

Series I Savings Bonds

Answer 6

are a low-risk savings product that earn interest for up to 30 years while protecting you
from inflation. Sold at face value. Check out a comparison of TIPS and Series I Savings Bonds.

Question 7

Series EE Savings Bonds

Answer 7

Are a secure savings product that earn interest, based on current market rates, until they
reach 30 years or until you cash them, whichever comes first. Electronic EE savings bonds are sold at face
value in TreasuryDirect.