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U.S. Treasury Bond

Long-term U.S. Treasury securities with a maturity of thirty years. Like U.S. Treasury Notes they pay a semi-annual coupon. The secondary market is highly liquid; the yield is commonly used as a benchmark for long-term interest rates.

See also: U.S. Treasury Bill,

http://www.treasurydirect.gov/indiv/research/indepth/tbonds/res_tbond.htm,