Thirty-Year Treasury

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Thirty-Year Treasury

A debt security backed by the full faith and credit of the United States government with a maturity of 30 years. They may be purchased directly from the government or from a bank; they have coupon payments payable every six months. Thirty-year Treasury bonds may be bought competitively or non-competitively. In a non-competitive transaction, one takes the interest rate he/she is given on a T-bond. In competitive investing, one bids on a desired yield, but this does not mean it will be accepted. Treasury bonds are low-risk, low-return investments. The minimum purchase is $1,000, and the maximum is $5 million in non-competitive bidding or 35% of the offering in competitive bidding. They are known informally as T-bonds. See also: Treasury bill, Treasury note.
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References in periodicals archive ?
One research paper found that an unanticipated increase of 200,000 jobs for the most recent month is associated with an increase of 6 basis points in the 30 year Treasury rate, all else being equal.
Yields on the 30 year Treasury bonds began the year below 60 percent and started its continuous ascent in mid-February to above seven percent by the beginning of May.
On March 14, 1994, and the next trading day, on March 15, 1994, the price of the 30 year treasury bond fell a 3/4 of a point, driving up the yield from 6.76 to 6.89 percent.