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A US Treasury note is a government bond sold by the United States Treasury to pay for its various operations and other expenses. A US Treasury note is marketable, meaning that it can be sold to other investors after it is purchased. The interest rate on a US Treasury note is fixed, and its maturity is one to ten years. A US Treasury note pays interest to its holders every six months. The ten-year US Treasury note is often used as an indicator of the health of the US government bond market, as well as a base for setting mortgage interest rates. The US Treasury note is a close relative of the US Treasury bill and the US Treasury bond. |
