U.S. Treasury issues sold at a deep discount from face value. A zero-coupon security that pays no interest during its lifetime but returns the full face value at maturity. Ideal for retirement or education planning and cannot be called.
Government obligations refer to debts that a government owes to creditors, typically in the form of bonds. These obligations are crucial for funding government operations and projects.
Gross federal debt refers to the total amount of debt that the federal government has accrued over time, encompassing both public and private holdings.
Yield spread refers to the difference in yields between various issues of securities, often related to issues with different credit qualities. It is a key metric in the bond market, comparing securities that don't share identical maturity and quality.
