U.S. Treasury Security

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U.S. Treasury Security

A tradable debt security owed by the United States government for a certain stated period. Each note has a stated interest rate which is paid semi-annually. Because the United States is seen as a very low-risk borrower, many investors see Treasury security interest rates (especially 10-year Treasury notes) as indicative of the wider bond market. Normally, the interest rate decreases with greater demand for the securities and rises with lower demand. For example, in December 2008, 10-year interest rates were the lowest in history due to deteriorating economic conditions and the consequent desire of investors for low-risk investments. U.S. Treasury securities are sold in auctions, usually once every few weeks. They are secured by the full faith and credit of the United States government. They should not be confused with U.S. savings bonds, which are not tradable, or indirect government obligations, which are not issued by the U.S. government itself. See also: Yield, Bond, Treasury Bond, Treasury Bill, Treasury Note.
References in periodicals archive ?
Contributions are invested in a new United States Treasury security that earns the same variable rate as investments in the government securities fund for federal employees.
1 The Reference United States Treasury Security used to determine the Total Exchange Price (as defined below) for all of the Old Notes is the 2.
The Reference United States Treasury Security used to determine the coupon on the New Debentures and the total exchange price to be received in each Exchange Offer (the "Total Exchange Price") for all of the Old Debentures is the 3.
2) The Reference United States Treasury Security (the "Reference Treasury") for determining the Total Exchange Consideration for all the Existing Notes is the 4.
The redemption price will equal the sum of (i) the present values as of the redemption date of the remaining scheduled payments of principal and interest to maturity (excluding any accrued and unpaid interest) discounted on a semi-annual basis at a rate equal to the yield to maturity of a comparable United States Treasury security plus 0.
25% United States Treasury Security due August 15, 2013, which was calculated by the Dealer Managers (as defined below) in accordance with standard market practice, as of 2:00 p.
The indenture governing the 2013 Notes allows redemption at a redemption price equal to the sum of (i) the present values as of the redemption date of the remaining scheduled payments of principal and interest to maturity (excluding any accrued and unpaid interest) discounted on a semi-annual basis at a rate equal to the yield to maturity of a comparable United States Treasury security plus 0.
Treasury Note due July 31, 2007 United States Treasury Security (the "Reference Security"), as calculated by the Dealer Manager and Solicitation Agent, in accordance with standard market practice based on the bid-side price for such Reference Security, as of 2:00 p.
The offer was priced for settlement on Thursday, December 10, 2009 as determined in the manner described in the Offer to Purchase dated on December 1, 2009, by reference to the applicable fixed spread (listed below) over the applicable reference United States Treasury security, plus an amount equal to any accrued and unpaid interest to, but excluding, the date of payment of the purchase price.
PXP will pay the redemption price for the Senior Notes on the redemption date, which has been set for November 3, 2006, and the redemption price will be based on a "make-whole" calculation tied to a comparable United States Treasury security.
The "treasury rate" will be a rate (calculated on June 16, 2003) equal to the semiannual equivalent yield to maturity of a United States Treasury security having a comparable maturity to the remaining term of the 7.
As described in more detail in the Offer to Purchase, the consideration for each $1,000 principal amount of Notes tendered and accepted for payment pursuant to the tender offer shall be an amount equal to (1) a price intended to result in a yield to April 1, 2003 equal to the sum of (a) the yield to maturity of the applicable United States Treasury Security (5 1/2% U.

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