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With the stock market showing some encouraging movement in the last week but uncertainty as the new trading week begins, there has been a great deal of analysis surrounding fixed-income sovereign debt offerings lately. Here's a quick look at today's top five yielding Treasury bills on the bond market and their important characteristics, sorted by descending yield to maturity:

1) T-BOND (30YR) CUSIP 912810QX9

  • Available quantity: 9000
  • Minimum quantity: 5
  • Non callable, taxable
  • Matures on August 15, 2042
  • 2.750% coupon with semi-annual payments in February and August, with first coupon February 15, 2013
  • Current yield: 2.712%
  • Yield to maturity: 2.682%
  • Offer price: 101.402 cents on the dollar

In my view, this T-Bond offering is the only one worth purchase for investors looking to delve into the Treasury market. The near-3% yield and virtually assured liquidity benefits offered more than justify purchase at these levels, and this is today's highest-yielding Treasury offering as of the time of publication of this piece. At the very least, reallocating some assets toward more conservative fixed-income offerings may be appealing to risk-averse investors who are uncertain about U.S. equities and global prospects. Since this offering quantity is relatively large, there should be liquidity in this lot throughout the day. If not, one of the below lower-yield investments may be worth considering.

Purchasing five of these bonds would come to a total cost of $2,028.04 for an investor.

2) T-BOND (OLD 30YR) CUSIP 912810QW1

  • Available quantity: 9000
  • Minimum quantity: 5
  • Non callable, taxable
  • Matures on May 15, 2042
  • 3% coupon with semi-annual payments in May and November, with first coupon November 15, 2012
  • Current yield: 2.808%
  • Yield to maturity: 2.666%
  • Offer price: 106.824 cents on the dollar

3) T-BOND (DBL OLD 30YR) CUSIP 912810QU5

  • Available quantity: 9000
  • Minimum quantity: 5
  • Non callable, taxable
  • Matures on February 15, 2042
  • 3.125% coupon with semi-annual payments in February and August, with first coupon August 15, 2012
  • Current yield: 2.856%
  • Yield to maturity: 2.663%
  • Offer price: 109.402 cents on the dollar

4) T-BOND CUSIP 912810QT8

  • Available quantity: 9000
  • Minimum quantity: 5
  • Non callable, taxable
  • Matures on November 15, 2041
  • 3.125% coupon with semi-annual payments in May and November, with first coupon on May 15, 2012
  • Current yield: 2.853%
  • Yield to maturity: 2.654%
  • Offer price: 109.527 cents on the dollar

5) T-BOND CUSIP 912810QQ4

  • Available quantity: 9000
  • Minimum quantity: 5
  • Non callable, taxable
  • Matures on August 15, 2041
  • 3.750% coupon with semi-annual payments in February and August, with first coupon February 15, 2012
  • Current yield: 3.056%
  • Yield to maturity: 2.626%
  • Offer price: 122.714 cents on the dollar

Investors in Treasury bills should be aware that while credit risk on these securities is relatively irrelevant, interest rate risk and market risk are still driving factors. For more information on gathered interest rate statistics, the Treasury website may be worth a glance. Best of luck, and may the markets be with you - hopefully you can get your hands on these Treasuries before funds like the iShares Barclays 20+ Year Treasury Bond ETF (NYSEARCA:TLT) snatch them up.

Source: Bond Market Current: Today's 5 Top-Yielding T-Bills