Treasury Notes, T-Notes
Definition of 'Treasury Notes, T-Notes'
Treasury Notes range in maturities from 2 to 10 years with the most popular maturities being:
- 2-Year Treasury Notes
- 3-Year Treasury Notes
- 5-Year Treasury Notes
- 7-Year Treasury Notes
- 10-Year Treasury Notes
Compare this to Treasury Bills which are always sold at a discount and do not pay coupons (interest).
Bills sell in minimum increments of $100 face value. i.e. the amount you will pay for the bill will be less than that but the maturity value will be in those increments.
Compare the following Treasury instruments:
- Treasury Bills (T-Bills)
- Treasury Notes, (T-Notes)
- Treasury Bonds, (T-Bonds)
- Treasury Inflation-Protected Securities (TIPS)
- Treasury STRIPS
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