The United States of America.

This is the present value on a daily basis until the maturity of the T-Notes currently under management. The United States of America has a very low coupon yield for their bonds/notes because they have a very low risk of default. Uncle Sam and Tyrion Lannister are both scoundrels and liars, and generally should not be trusted outside of the direct line of sight. But, like a good Lannister Uncle Sam always pays his debts in the exact amount, on the exact day, and in the exact medium agreed upon at the time of signing. For those reasons the United States federal government bonds/notes are considered "risk-free". The United States has never defaulted...ever.

 During times of recession in the money markets (stock market), there can be times of gain in the bond markets. This is because people take their money out of the volatile, and risky stock markets to place it instead in the bond markets. The reason is that bonds accumulate interest which can be calculated, and accounted for periods into the future.

While the bond’s future value at the time of it being paid back with the stated interest is  $2,707.04. The bond will have grown $1,707.04 during the 10 years that it was held with a 10% stated interest rate compounded monthly, and stated as a yearly rate.

When bonds are sold below the initial investment cost the bondholder is trying to sell the bonds quickly and is offering them at a discount. This is the time that bonds are best to be purchased. The reason is the amount of money that will be earned after the period of investment has expired. Or, the bonds have matured in other words. The will be a greater return on the investment than if the bonds had been purchased at the time of their initial sale.