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Question
What is the difference between US Treasury Bills, Notes, and Bonds?
1
They differ in credit quality — Bills are the safest, Bonds are the riskiest
2
They are identical instruments issued by different government agencies
3
They differ in coupon frequency — Bills pay daily, Notes monthly, Bonds annually
4
They differ in maturity — Bills mature within one year, Notes in 2–10 years, and Bonds in 20–30 years
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