Treasuries Basics

 Government Debt is called Treasury

Treasury Bills (T-Bills) -> Govt Debt with maturity < 1 year

Treasury Notes (T-Notes) -> Govt Debt with Maturity between 1 and 10 years

Treasury Bonds (T-Bonds) -> Govt Debt with Maturity more than 10 years

Treasury Strips (T-Strips) -> Zero Coupon Bonds issues by US Govt with maturity > 1 year backed by T-Bonds and the coupons from TBonds.

UK Govt Bonds are Gilts: UK Govt Bonds with maturity between 1 -30 years.

US Notes and Bonds, Gilts pay Coupons Semi Annually

Issue Date : Date when the Bond originated.

Maturity Date for a 10 year bond will be IssueDate + Maturity Date

Accrued Interest is calculated as Actual/Actual.

Sovereign Debt is the Government Debt

German Short term Bonds (< 5 years) is called Bobls.

German Long term Bonds are called Bunds