Treasury Notes
Treasury Notes | Definition
Debt obligations of the US Treasury that have maturities of one to 10 years. Treasury notes are issued at par in coupon form and pay interest semiannually. Outstanding notes are non-callable.
These readily marketable obligations of the US Treasury enjoy an active trading market in volume. Since there is no statutory limit on the amount of interest the Treasury can pay on its notes, these issues are usually competitive with other money market instruments.
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