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During the month of June the north celestial pole points towards Polaris, but during the month of December it points
U.S. Treasuries
Debt securities issued by the U.S. Department of Treasury used to finance government spending as an alternative to taxation.
Interest Rates
Interest rates are the cost of borrowing money or the return for saving and depositing money, typically expressed as a percentage.
Zero-Coupon Bonds
Bonds that do not pay periodic interest payments but are issued at a substantial discount to their face value, maturing at par.
Coupon Rate
The annual interest rate paid by a bond as a percentage of its face value, typically expressed in annual terms.
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