A Treasury bond is a type of government bond issued by the US Department of Treasury. It is a long-term debt instrument that has a maturity of 10 years or longer and pays a fixed interest rate to investors. These bonds are considered to be a low-risk investment due to the backing of the US government, and they are often used as a benchmark for other fixed-income investments. Investors may purchase Treasury bonds directly from the government or through a broker. The interest earned on Treasury bonds is generally exempt from state and local taxes but is subject to federal taxes.
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