Treasury Bonds

Also known as T-bonds, these are debt obligations issued by the U.S. government.  They have a fixed interest rate, which is paid semi-annually and have a maturation date of greater than 10 years.  Advantages of the T-Bond include its backing by the U.S. government, the fact that the semi-annual payments are only taxed on the federal level, and the ability to resell the bonds on the secondary market.  T-Bonds, like T-Bills are considered very safe investments and are useful for investors looking for a safe, steady stream of income.