Matthew Barrett

Hi All, There seems to be confusion on this thread, as there are 3 different types of US bonds: T-Bills, T-Notes and T-Bonds. I believed that only T-Bills are classed as DDS' as they are issued at a discount, Notes and Bonds, are traditional bonds, so any gain is treated as a gain, the coupon is income. but all the gain on a T-Bill is Income. Can anyone confirm this thanks?