Treasury sector
Securities issued by the U.S. government. Includes Treasury bills, notes and bonds. The U.S. Treasury is the largest issuer of securities in the world. This sector plays a key role in the valuation of securities and the determination of interest rates throughout the world. |
Similar financial terms
Treasury BillA short-term debt instrument issued by the government to finance its budget. Treasury bills has usually no coupon attached to it.
Treasury Bond
A long-term debt instrument issued by the government to finance its budget. Treasury Bond coupons are usually paid semi-annually in the US and annually in the UK.
Treasury Bills
Treasury Bills refers to very short term debt instruments issued by the Bank of England on behalf of the UK Government. They are negotiable, bearer, zero-coupon debt instruments. The maturity of T-Bills ranges from one month (approx. 28 days), 3 months (approx 91 days), 6 months (approx. 182 days) to 12 months (up to 364 days). The minimum face value (since October 2001) is £25,000. T-Bills are widely considered to be risk-free.
U.S. Treasury note
U.S. government debt with a maturity of one to 10 years.
U.S. Treasury bond
U.S. government debt with a maturity of more than 10 years.
U.S. Treasury bill
U.S. government debt with a maturity of less than a year.
Treasury stock
Common stock that has been repurchased by the company and held in the company's treasury.
Treasury securities
Securities issued by the U.S. Department of the Treasury.
Agency sector
Securities issued by federally related institutions and government sponsored enterprises such as the Federal Home Loan Mortgage Corporation, Fannie Mae and Freddy Mac Foundation.
Corporate sector
Securities issued by U.S. corporations and non-U.S. corporations in the United States. Includes bonds, MTNs, structured notes and commercial paper. The corporate sector is divided into investment grade and non-investment grade sectors by rating agencies such as Moody’s and S&P.
Mortgage sector
Securities backed by mortgage loans. These are loans obtained by borrowers in order to purchase residential property or and entity to purchase commercial property.
Tax-exempt sector
The municipal bond market where state and local governments raise funds. Bonds issued in this sector are exempt from federal income taxes.
Sector
Refers to a group of securities that are similar with respect to maturity, type, rating, industry, and/or coupon.
Market sectors
The classifications of bonds by issuer characteristics, such as state government, corporate, or utility.
