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A US Treasury bond is a government bond sold by the United States Treasury to pay for its various operations and other expenses. US Treasury bonds are marketable, meaning that they can be sold to other investors after they are purchased. The interest rate on a US Treasury bond is fixed, and its maturity is ten or thirty years. A US Treasury bond is sold with a minimum denomination of $1,000. A US Treasury bond pays interest every six months. The US Treasury bond was briefly removed from issuance in 2001 and was then reissued in February 2006. The US Treasury bond has the US Treasury bill and the US Treasury note as its close cousins from the Treasury department.
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