Certificates of Accrual on Treasury Securities - CATS - Issued by the U.S. Treasury and stripped by a financial intermediary, these products are sold at a significant discount from face value and pay no interest during their lifetime. However, they return full face value and cannot be called away.
Certificates of Accrual on Treasury Securities - CATS : issued by the u.s. treasury and stripped by a financial intermediary, these products are sold at a significant discount from face value and pay no interest during their lifetime. however, they return full face value and cannot be called away.
Certificates of Accrual on Treasury Securities - CATS