Series 7: Treasury Notes (T-notes)

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Treasury Notes (T-notes) ...

coupon bonds that have a maturity ranging from 2 to 10 years. They are issued in purchase sizes of $100 to $5 million and pay interest semiannually. Treasury notes are non-callable, guaranteeing the holder the stated yield to maturity.

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