ExpertGlossary

US Treasury bonds are long-term government debt securities, typically issued with 30-year terms.

New bonds are sold at a par value of $1,000, and existing bonds trade in the secondary market at prices that fluctuate to reflect changing demand. These bonds, sometimes referred to as long bonds, are often used as a benchmark for market interest rates.

While interest on US Treasury bonds is federally taxable, it is exempt from state and local taxes. Treasury bonds are considered among the world's the most secure investments, since they are backed by the full faith and credit of the US federal government.

By international agreement, the local time at the prime meridian, which passes through Greenwich, England. Prior to 1972, this time was called Greenwich Mean Time (GMT) but is now referred to as Coordinated Universal Time or Universal Time Coordinated (UTC). It is a coordinated time scale, maintained by the Bureau International des Poids et Mesures (BIPM). It is also known a "Z time" or "Zulu Time".

More about UTC, and a table to convert UTC to your local time is posted at: http://www.srh.noaa.gov/srh/jetstream/doppler/radarfaq.htm#utc

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