Treasury Bond
A marketable U.S. government debt security with low nominal default risk but meaningful interest-rate, inflation, reinvestment, and market-price risk.
A U.S. Treasury bond is a marketable debt security issued by the U.S. Department of the Treasury, generally with an original maturity longer than ten years and periodic coupon payments. Treasury notes have shorter original maturities, so current remaining maturity alone does not determine the security type.
π Current Treasury Yields
Updated August 04, 2026Source: Federal Reserve Economic Data (FRED). Values may be delayed.
Frequently Asked Questions
Are Treasury bonds risk-free?
They are commonly treated as having very low nominal credit risk in U.S. dollars, but they are not free of interest-rate, inflation, reinvestment, liquidity, tax, custody, or opportunity-cost risk. Market prices can decline materially before maturity.
Will an investor receive the quoted yield?
Not necessarily. Realized return depends on purchase price, holding period, coupon reinvestment, sale price, taxes, fees, inflation, and whether the security is held to maturity.
What happens when interest rates rise?
For fixed promised cash flows, market prices generally fall as required yields rise. Longer duration and lower coupons usually increase price sensitivity, though embedded features and market conditions can affect results.
Are Treasury interest payments tax-free?
U.S. federal tax generally applies, while state and local income-tax treatment can differ. Investor jurisdiction, account type, and current law matter, so tax treatment should not be assumed from the security label alone.