What is the meaning of Treasury note?

Like US Treasury bills and bonds,' Treasury note's are debt securities issued by the US government and backed by its full faith and credit. They are available at issue through Treasury Direct in denominations of $1, 000 to $1 million and are traded in the secondary market after issue. While bills are short-term issues and bonds are long-term, notes are intermediate-term securities, with a maturity date that ranges from two to 10 years. The interest you earn on Treasury notes is exempt from state and local, but not federal, taxes. And while the rate at which the interest is paid is generally less than on long-term corporate or Treasury bonds, the shorter term means less inflation risk.

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APABarry Goldsmith. (2010). treasury note. Retrieved September 20, 2026, from http://smartdefine.org/treasury_note/definitions/1165585
ChicagoBarry Goldsmith. 2010. "treasury note" http://smartdefine.org/treasury_note/definitions/1165585 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, treasury note, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/treasury_note/definitions/1165585>.
MLABarry Goldsmith. "treasury note" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/treasury_note/definitions/1165585>
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