A Brief Introduction to Treasury Securities

1. A Brief Introduction to Treasury
Securities
By: Darin Pastor

2. A Brief Introduction to Treasury Securities
After graduating with an MBA from the University of Liverpool, Darin Pastor went on to become the
top-ranked senior investment manager at Chase Investment Services. Today, Darin Pastor is at
the helm of Capstone Affluent Strategies, an investment firm with a market capitalization of around
$385 million. Treasury securities are among the many financial instruments offered through
Capstone.

3. A Brief Introduction to Treasury Securities
Treasury securities are bonds, notes, and bills issued by the government. They are the highest-
quality securities because of their backing by the full faith and credit of the United States
government.

4. A Brief Introduction to Treasury Securities
Treasury bills are short-term securities that mature in less than a year. They are sold at a discount
and do not generate interest before they mature.

5. A Brief Introduction to Treasury Securities
Treasury notes earn fixed interest on a six-month basis. They can range in maturity from one to 10
years. Treasury bonds have the longest maturities of 10 to 30 years. They also generate interest
every six months.

6. A Brief Introduction to Treasury Securities
Finally, Treasury Inflation-Protected Securities provide a constant return regardless of the level of
inflation. They have maturities of five to 20 years.