Treasury Note (T-Note)
A Treasury Note (T-Note) is a U.S. government debt security with maturities ranging from 2 to 10 years. T-Notes pay fixed interest every six months and return the principal at maturity.
Key Features:
- Medium-term investment, balancing yield and risk
- Pays semiannual interest, making it appealing for income-focused investors
- More sensitive to interest rate changes than T-Bills but less than T-Bonds
The yield on the 10-year T-Note is a key benchmark for mortgage rates, business loans, and economic forecasts. See also: Treasury Bond, Treasury Bill