Treasury notes and bonds are zero-coupon bonds that sell at a discount while Treasury bills have coupon payments.

Name: Treasury notes and bonds are zero-coupon bonds that sell at a discount while Treasury bills have coupon payments.
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Treasury bills are actually short-term securities that do not have coupon payments, and are instead sold at a discount. Treasury notes and bonds, on the other hand, have coupon payments and are generally issued as longer-term debt instruments.

Treasury Notes and Bonds Are Zero-Coupon Bonds That Sell at a Discount