€ marketable bonds have a specific maturity date and a specified interest rate, and aretransferable, which means they can be traded in the market. the government ofcanada issues marketable bonds in its own name. treasury bills are short-term government obligations with original terms to maturity ofthree months, six months and one year. they are offered in denominations from $1,000up to $1 million. canada savings bonds (csbs) can be purchased only between october and april ofeach year but are cashable at their full par value plus any accrued interest by the ownerat any bank in canada at any time. canada premium bonds (cpbs) are very similar to csbs but offer a higher interest ratewhen they are issued. they can be redeemed only once a year without penalty, on theanniversary of the date of issue and for 30 days thereafter.
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