Treasury bond

A treasury bond is an interest-bearing debt security that is issued by the United States government. It matures in 30 years.

The interest rate associated with this security is fixed, and interest payments are made to investors at six-month intervals. Treasury bonds may be purchased at auction from the government, or from a bank or broker.

The interest earned on treasury bonds is taxed at the federal level, but is exempt from taxation at the state and local levels.