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 ?
Far from it: two-year United States Treasury notes with a face value of $1,000 will get you $998 in cash a" the lowest liquidity price since the Great Depression and Japan in the 1990's.
At March 31, 1993, the company had cash and United States Treasury Notes totaling $13,948,086 and shareholders' equity of $14,520,638.
4,960,939 3,949,744 (a) Includes $500,000 received in the first quarter as the result of654 29,704,256 Total Assets 53,406,741 41,282,561 Total stockholders' equity 18,115,563 14,758,838 (b) Including United States Treasury Notes, at cost.
At that dividend rate, Tyler Cabot's yield on net assets would be approximately 9-1/2 to 10 percent, which is greater than 2 percent above the current yield on 10-year United States Treasury Notes.
Based on the yields of the aforementioned United States Treasury Notes as of September 1, 1998 the aggregate consideration for the 9 7/8% Notes would be 118.
08 Weighted Average Shares Outstanding 4,290,078 3,501,983 4,491,849 3,501,983 Condensed Balance Sheet (Audited) October 31, 1997 October 31, 1996 Cash and Cash Equivalents(a) $ 26,856,861 $ 13,230,203 Working Capital 29,704,256 14,018,340 Total Assets 41,282,561 22,159,169 Stockholders' Equity 14,758,838 5,905,315 (a) including United States Treasury notes, at cost

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