QUICK DEFINITION
Treasury Note is a U.S. Treasury security issued with an intermediate maturity, generally between two and ten years.
WHY IT MATTERS
Why Treasury Note matters in bond markets
Treasury notes contain several of the world's most closely watched benchmark yields, including the 2-year and 10-year.
MARKET CONTEXT
How to think about it
Bond investors use treasury note as part of a wider framework that links prices, yields, cash flows, liquidity and risk. The concept should therefore be read together with its related terms rather than as an isolated definition.
Is Treasury Note important for fixed-income investors?
← Back to the Bond Market Glossary Yes. Treasury notes contain several of the world's most closely watched benchmark yields, including the 2-year and 10-year.