U.S. Treasury Note


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Related to U.S. Treasury Note: savings bond, Treasury bond, U.S. Treasury Bonds

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 ?
All holders of bonds who tender will receive a price that is calculated using the yield of the Referenced U.
Under the terms of the offer, made upon the terms and subject to the conditions set forth in the Offer to Purchase, to be dated June 20, 2002, West Texas Utilities will purchase for cash any and all of the following bonds at a price determined by the yield to maturity, at the time of tender, of the Referenced U.
Under the terms of the offer, SPS will purchase the remaining bonds of each series at a price determined by the yield to maturity, at the time of tender, of the Referenced U.

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