U.S. Gov't Issues

Debt issued by the U.S. Treasury or other government agencies (Ginnie Mae, Fannie Mae, Freddie Mac, etc.). U.S. Treasury issues include T-Bills (1 yr and less), T-Notes ( 1-10 yrs), and T-Bonds (10 -30 yrs). They are generally not callable and not subject to state and local taxes, and are considered the safest bonds available as they are backed by the full faith and credit of the U.S. government. The other agencies issue mostly pass- through mortgage bonds that pay interest and return of principal and are indirectly backed by the Treasury.