Government bonds, for example T-bills. Used as a basis for adjustable (floating rate) loans.
Debt Securities secured by the full faith and credit of the U.S. government, issued at various schedules and maturates. T-Bills, are short term (one year) discounted securities sold at weekly and monthly auctions. Treasury Notes, with maturity from one to ten years and Treasury Bonds, with maturity from ten to thirty years, are generally not callable and not subject to state and local taxes.
Negotiable U.S. Government debt obligations, backed by its full faith and credit. They come in three types, which have varying maturities: Treasury Bills, Treasury Notes, and Treasury Bonds. Exempt from state and local taxes. see also yield curve.