Treasury Bonds are long-term debt securities issued by the U.S. Department of the Treasury to help finance government spending. They typically have maturities ranging from 10 to 30 years and pay interest to investors every six months. The interest rate, known as the coupon rate, is fixed at the time of issuance. Investors often view Treasury Bonds as a safe investment because they are backed by the full faith and credit of the U.S. government. They are commonly used by individuals and institutions to diversify portfolios and provide a steady income stream over time.