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Treasury notes (T-notes) have
maturities ranging from over a year to ten years. They are fixed-income
securities that pay interest twice per year.
Treasury bonds (T-bonds) are long-term,
non-collateralized bonds whose maturity dates range from 10 to 30 years. Like
T-notes, they pay interest twice per year.
Mortgage-backed securities are securities issued by
federal agencies to help fund their projects. Two well-known issuers are the
Government National Mortgage Association (GNMA—Ginnie Mae) and the Federal
National Mortgage Association (FNMA—Fannie Mae). |
