This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam. In this episode you will learn: - Differentiating T-bills, T-notes, and T-bonds by maturity and interest payment structure. - How to interpret and calculate the price of T-notes and T-bonds quoted in 32nds. - The unique tax treatment of U.S. Treasury securities: federally taxable but exempt from state and local taxes. - Understanding how Treasury Inflation-Protected Securities (TIPS) work and the concept of "phantom income." - The key characteristics of Treasury securities, including their high safety and liquidity. For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818