Treasury Bonds are:

• A. Typically 1 to 3 years in maturity and zero-coupon.
• B. 10 to 30 years in maturity, with older 30-year bonds often callable at par beginning 25 years after issue.
• C. Issued only as callable securities at par.
• D. Short-term instruments issued weekly.

Answer: (B)

Treasury Bonds are long-term U.S. government securities with maturities up to about 30 years, typically issued as coupon-bearing bonds rather than short-term instruments. The correct choice captures this long-maturity character and notes a historical feature: some older 30-year issues were callable at par after a long lead time (about 25 years after issue). This reflects how certain long-term government bonds were structured in the past, affecting yield and price behavior if called.

Other choices miss the key idea: bonds are not typically 1–3 years in maturity (that range belongs to notes or bills), they are not issued only as callable securities at par, and bonds are not short-term instruments issued weekly (that describes bills).