U.S. Treasury Note

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U.S. Treasury Note

A debt security backed by the full faith and credit of the United States government with a maturity between one and 10 years. They may be purchased directly from the government or from a bank; they have coupon payments payable every six months. Treasury notes may be bought competitively or non-competitively. In a non-competitive transaction, one takes the interest rate he/she is given on a Treasury note. In competitive investing, one bids on a desired yield; however, this does not mean it will be accepted. Treasury notes are low-risk, low-return investments. The minimum purchase is $1,000 and the maximum is $1 million in competitive bidding, or $5 million in non-competitive. They are known informally as T notes. See also: Treasury Bill, Treasury Bond.
References in periodicals archive ?
According to Reuters, UK-based Barclays Plc (LSE: BARC) is expecting the return of seven-year US Treasury notes.
Top 10 Fixed-Income Holdings Portfolio% 1) US Treasury Notes 3.
With the emergence of the EURO and the increasing need to measure European securities against US Treasury notes, Telerate's concentration of such information will be of significant help to all of our users.
2 million principal amount of five-year unsecured promissory notes that will bear interest at 90 basis points above the comparable rate for five year US Treasury notes.
The Notes were priced at 120 basis points over the current yield for US Treasury Notes due November 2026 and were sold at 99.
A minority portion of PairGain's excess cash was on account with these brokers with specific instructions that it be invested only in US Treasury notes of mixed maturities.