10-Year Treasury Note

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10-Year Treasury Note

A debt owed by the United States government for a period of 10 years. Each note has a stated interest rate, which is paid semi-annually. Because the United States is seen as a very low-risk borrower, many investors see 10-year Treasury Note interest rates as indicative of the wider bond market. Normally, the interest rate decreases with greater demand for the Notes and rises with lower demand. For example, in December 2008, 10-year interest rates were the lowest in history due to deteriorating economic conditions and the consequent desire of investors for low-risk investments. See also: yield, bond, treasury note, treasury bond, treasury bill.
References in periodicals archive ?
Earlier Wednesday, yields on 30-year Treasury bonds touched a fresh all-time low while the spread between 2- and 10-year Treasury notes widened the most since 2007, indicating waning confidence in the longer-term outlook and drawing more attention to this closely-watched recession indicator.
On Monday, 10-year Treasury notes were yielding 1.594%, while 2-year notes were yielding 1.525%.
Average rates began to climb after the tax cuts signed into law last year by President Donald Trump increased the federal budget deficit, as home loans generally move in sync with interest on 10-year Treasury notes. The average rate on 15-year, fixed-rate loans fell to 3.97 percent this week from 3.98 percent last week.
As of midday, the yield on 10-year Treasury notes had ticked up to 2.39% on Thursday, a jump of more than 25 basis points for the past nine trading days.
10-year Treasury notes were last up 30/32 in price to yield 1.7431, from a yield of 1.848 percent late Friday.
Net bearish bets on 10-year Treasury notes by hedge funds and other large speculators fell by more than half in the week through June 23 to 46,736 contracts.
10-year Treasury notes yielded 2.43 percent, up a shade from New York closing levels.
While the spread between long- and short-dated Treasuries has narrowed of late, which tends to happen as the economy slows, the difference between the two-year and 10-year Treasury notes is more than two percentage points -- still a favorable sign for economic growth.
Bankrate said that the disappointing December jobs report in the US brought yields on 10-year Treasury notes down from the 3% threshold where they started the year.
House Republicans have passed a bill tying the student lending rate to the interest rate of 10-year Treasury notes, with an additional 2.5 percentage points for Stafford Loans.
Benchmark 10-year Treasury notes were trading 17/32 higher in price to yield 1.64 percent, down from 1.69 percent late Thursday.
The yen was dumped for the dollar in New York, spurred by higher interest rates on the benchmark 10-year Treasury notes that led to expectations of a widening disparity in interest rates between Japan and the United States, dealers said.