Series 7 Exam Prep - Govies are Goofy! U.S. Treasury Securities. SIE Exam & Series 65 Exam, too!

Time stamps:
00:00 Intro
1:08 T Bills are risk free. No credit risk and no interest rate risk. T Notes and T Bonds don't have credit risk but do have interest rate risk
1:58 Treasury securities trade OTC. OTC are negotiated quote driven market
2:35 T Bills are issued at a discount
6:13 Treasury notes and bonds minimum spread is 32nd
6:34 Treasury securities settle T+1 and use an actual 365 calendar
7:25 Bid 92.08 Offer or ask 98.16
9:02 STRIPs
9:19 Phantom income
9:23 Suitability
9:44 No call risk
9:51 TIPs
12:55 NOT taxed at the local or state level
13:24 Taxed at the federal level
13:54 They are "book entry". There is no physical certificate

[trentyarbrough]

Thank you so much for these videos Dean!! Just passed my series 7 and owe a lot of credit to your videos! Very helpful!

[nathanpeters]

Hey Dean. My vendor is telling me that T notes are quoted at a minimum par value of a 100. For the exam should I assume a 100 or a 1000 for T notes and T bonds?

[carlylecunningham]

Do you have any videos on money market securities?

[amira]

Hmmm I’m not good at math but if I take 1000X102.25 I’m not getting what you’re getting. What’s the correct formula? It’s 2.25 because it is semiannually? But wouldn’t I have to do this 4 times if I’m calculating 2 years? I’m so lost