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Government, Treasury, and Agency Bonds

Treasury, agency, gilt, sovereign, government-backed, inflation-linked, and stripped government bond terms.

Government, Treasury, and agency bonds are public-sector or government-linked debt securities whose risk depends on issuer authority, currency, legal support, maturity, inflation linkage, and market convention.

Use this branch when a bond is issued by a sovereign, Treasury, agency, public authority, or government-backed borrower. Not every government-linked bond has the same guarantee, liquidity, or currency risk.

What This Branch Covers

AreaUse it for
Treasury Bills, Notes, Bonds, and SecuritiesTreasury bills, notes, bonds, auctions, off-the-run Treasuries, purchasing, and U.S. Treasury securities.
Agency, Sovereign, and Government-Backed BondsAgency bonds, federal agency securities, sovereign bonds, government bonds, and government-backed securities.
Gilts, Index-Linked, and Undated Government BondsGilts, gilt strips, index-linked gilts, consols, long bonds, and undated government bonds.
Inflation-Linked Government SecuritiesTIPS and government securities whose cash flows adjust with inflation measures.
Treasury STRIPS, Zero-Coupon Securities, and ReceiptsSTRIPS, CATS, TIGERs, M-CATS, and stripped government-security receipts.

Common Mistakes

  • Assuming all government-linked securities have the same credit support.
  • Ignoring currency, inflation, tax, and liquidity differences across sovereign markets.
  • Treating agency support as identical to direct Treasury obligations.
  • Comparing nominal and inflation-linked bonds without matching inflation assumptions.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

Agency and Sovereign

Agency bond, federal agency security, government bond, sovereign bond, Japanese government bond, and government-backed security terms.

Gilts and Undated Bonds

Gilt, gilt-edged, conventional gilt, index-linked gilt, consol, long bond, and undated government bond terms.

Inflation-Linked

Government inflation-linked securities, including TIPS and retail savings bonds, whose cash flows adjust with inflation measures.

Treasury Securities

Treasury bill, note, bond, securities, auction, off-the-run, bid-to-cover, and purchasing terms.

Treasury STRIPS

CATS, M-CATS, TIGER, STRIPS, gilt strip, and stripped government-security receipt terms.

Revised on Sunday, June 21, 2026