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 ?
CME Group said it plans to launch ultra 10-year US Treasury note futures and options in the first quarter of 2016 that allow for delivery of original-issue 10-year US Treasury notes with remaining terms to maturity at delivery of at least nine years, five months and not more than 10 years.
5 to 10-Year), allows for delivery of seven-Year and 10-year US Treasury notes with remaining terms to maturity at delivery of at least six years six months and not more than 10 years.
The chosen design, based on customer feedback, more precisely reflects exposure of 10-year US Treasury notes, the benchmark for US Treasury securities, and best serves the risk management needs of the marketplace.
BANKING AND CREDIT NEWS-October 23, 2015-CME to launch US Treasury note futures, options
Due to the US Treasury Department's suspension of 30-year bond issuance between 2001 and 2006, the gap in the exposures of the existing 10-Year US Treasury note and the US Treasury bond futures has expanded from approximately eight years to about 14 years, creating customer demand for a new product that establishes 10-year yield exposure.
According to Reuters, UK-based Barclays Plc (LSE: BARC) is expecting the return of seven-year US Treasury notes.
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.
M2 EQUITYBITES-October 23, 2015-CME to launch US Treasury note futures, options