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[Series 65] 18, US Treasury Securities

Open Exam Prep

About this episode

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key maturity and interest payment differences between T-bills, T-notes, and T-bonds. - The unique tax treatment of Treasury securities: federally taxable but exempt from state and local taxes. - How TIPS provide inflation protection and the associated concept of 'phantom income'. - Why STRIPS are not issued directly by the Treasury and their high sensitivity to interest rate risk. - That U.S. Treasuries are considered the 'risk-free' benchmark because they are backed by the full faith and credit of the U.S. government, eliminating default risk. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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[Series 65] 18, US Treasury Securities

Open Exam Prep

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