Definition
Treasury notes (T-notes) are U.S. government securities with maturities ranging from 2 to 10 years. Like T-bonds, they pay semi-annual interest and are considered risk-free. The 10-year Treasury note yield is particularly important as a benchmark for mortgage rates and other lending.
Example
A 10-year Treasury note with 3.5% coupon pays $35 annually per $1,000 face value until maturity.
FAQ
What is Treasury Note?
A medium-term U.S. government debt security with 2-10 year maturity.
Why is Treasury Note important?
Treasury Note helps investors evaluate fixed income and make more informed decisions.