Sonnet of the Treasuries

(Clankered-up as a memory aid for treasury bills, etc...)

The bill, a year at most, defers all paying:
sold at a discount, coupons not appended.
The note sends coupons twice a year, while staying
from two to ten years, face paid when it's ended.

The bond pays likewise, only more extended:
twenty or thirty years is its duration.
TIPS, five or ten or thirty, are defended:
face is the floor; principal adds inflation.

The two-year floater pays with fluctuation
each quarter, by the thirteen-week bill driven.
Cash management bills come with variation
in term, and have no auction schedule given.

A thousand buys each one, no state tax owing,
but tax that's federal will keep on flowing.