Government bonds come in various maturities, from 30 days up to 30 years. Which of the following statements is NOT CORRECT? 69.43 540 27/02 17: 69.258 ITIL 149 GOVERNMENT BONDS 18,27/02/1 19:3 JO 27/02/13 Treasury bills have maturity less than 1 year. For example, a T-bill could be for just 270 days. "Notes' refer to bonds of maturity of less than 10 years but more than 1 year. Technically, Government "bonds have maturity of between 1 and 10 years. T-bills,' or Treasury bills, pay no interest at all, but are sold at a discount to its face value