Federal obligations usually issued for maturities in excess of five ten years are called:

Question

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Treasury bonds are the federal obligations that are issued for maturities in excess of five or ten years. Treasury notes and bills are typically issued for shorter maturities, ranging from a few days to ten years, while agency issues refer to securities issued by government-sponsored enterprises such as Fannie Mae and Freddie Mac.

Federal Obligations Usually Issued for Maturities in Excess of Five