Definition 1.
Known in the trade as ""the long bond,"" 30-year Treasuries are the longest duration bonds issues by Uncle Sam and are widely held and traded both in this country and abroad. Yields on 30-year Treasuries, which move in the opposite direction from prices, are a closely watched proxy for overall interest rates and the general direction of the bond market. Safety, liquidity and worldwide ubiquity have made 30-year Treasuries into the benchmark debt security.
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