Federal obligations usually issued for maturities of five up to one year are called:

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Treasury bills are short-term securities issued by the U.S. government with maturities of less than one year, usually between four and 52 weeks. Treasury bonds have maturities of more than 10 years, while Treasury notes have maturities of one to 10 years. Agency issues are debt securities issued by federal agencies or government-sponsored entities, such as Fannie Mae or Freddie Mac.

Federal Obligations Usually Issued for Maturities of Five Up to One