# Can the US Govt cancel Treasury bonds?

**URL:** <https://boards.straightdope.com/t/can-the-us-govt-cancel-treasury-bonds/415028>\
**Category:** Factual Questions\
**Created:** [August 9, 2007, 4:16pm UTC](https://boards.straightdope.com/t/can-the-us-govt-cancel-treasury-bonds/415028 "2007-08-09T16:16:46Z")\
**Posts on this page:** 1\
**Page:** 2

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**Author:** ![muttrox](https://avatars.discourse-cdn.com/v4/letter/m/a8b319/32.png) [@muttrox](https://boards.straightdope.com/u/muttrox)\
**Post date:** [August 13, 2007, 12:42pm UTC](https://boards.straightdope.com/t/can-the-us-govt-cancel-treasury-bonds/415028/21 "2007-08-13T12:42:05Z")

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[QUOTE=dtilque]  
Treasury bonds are paid off at their face value, not their market value. And the US Treasury doesn’t have to come up with any money for them until they reach maturity, at which point the difference between their market and face values is nonexistent.  
[/QUOTE]

Correction noted.

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