QUICK DEFINITION
Treasury Bond is a long-maturity marketable debt security issued by the U.S. Treasury.
WHY IT MATTERS
Why Treasury Bond matters in bond markets
Long Treasury yields are global reference rates for duration, discounting and long-term dollar financing conditions.
MARKET CONTEXT
How to think about it
Bond investors use treasury bond as part of a wider framework that links prices, yields, cash flows, liquidity and risk. The concept should therefore be read together with its related terms rather than as an isolated definition.
Is Treasury Bond important for fixed-income investors?
← Back to the Bond Market Glossary Yes. Long Treasury yields are global reference rates for duration, discounting and long-term dollar financing conditions.