10-Year Treasury Note

Definition

Debt issued and backed by the United States Treasury, reaching maturity in a period between one to ten years. The yield on the note is declared upon initial issue, and interest is paid semi-annually. These are similar to Treasury Bills, notes with a term less than a year, and Treasury Bonds, which have a maturity of over ten years.

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Now is a good time to get a mortgage because the rates are linked to the 10-Year Treasury Note, and it has extremely low yields at the present time.

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My company is full of experts on trading in government-backed securities, especially the 10-year treasury note, which we trade for foreign governments.

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The man bought a 10-year treasury note because it paid a much better yield than his current 1-year note without the risk of longer term bonds like the 20 or 30 year note.

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