Business, Legal & Accounting Glossary
A government bond issued by the US Treasury which is quoted on the secondary market and matures in 30 years. They have a relatively higher interest rate and lower risk due to their government-backed nature. These bonds are usually represented in terms of percentage of n/32 of a point (n= 1,2,3,…). For example, if a $1000 bond is represented as 96:07, it is being traded at a discounted price of $962.19 (96 + 7/32%). Also called treasuries, T-bonds, long-bonds.
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This glossary post was last updated: 13th November, 2021 | 0 Views.