Definition of Treasury Note

Treasury note is an intermediate term US Government Security, which pays semi-annual interest and matures in 1 to 10 years

Applying "Treasury Note" to Securities Exams:

The US Government will sell a variety of debt instruments to manage it cash needs. A Treasury note’s maturity is longer than a Treasury bill and shorter than a Treasury bond. As such the interest rate paid on the note will fall between the interest rates on those securities.

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