Treasuries are things you treasure for the rest of your life that is valueable to you and that you love

Interest payments on Treasuries are subject to federal income tax, but not state income tax.

If you buy and sell Treasuries, any capital gains are also subject to federal and usually state income taxes.

The plural of treasury is treasuries.

Interest on US Treasuries is taxed as ordinary income. It is also exempt from state and city, if applicable, income taxes.

US treasuries are issued by the federal government and consist of Treasury Bills, Treasury Notes, and Treasury Bonds. The proceeds from these securities are used to fund government programs, and the interest earned by the purchaser of the treasuries is exempt from state and local taxes. US treasuries are considered to be a very conservative type investment with low returns based on the relatively low amount of risk assumed.