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T-Notes
Treasury Notes are securities with maturities ranging from two years to ten years. Notes, however are priced differently than T-bills. An investor might pay less than par value of the Note which means that the yield to maturity would be greater; you might pay a price equal to par value which means that the yield to maturity is equal or; you might pay a price greater than par value with a yield to maturity that is less than the interest rate.
The Original Issue Rate of a Treasury Note is determined at auction. At a recent auction, a perspective buyer would have been offered a Note with the following:
A2-YEAR NOTE sold on 01-03-2006 would mature on 12-31-2007 that had an interest rate of 4.375% and a rate at maturity of 4.404% and cost the buyer $99.944505 per hundred dollar face value.
Minimum Purchase:
$1,000
Investment Increment:
Multiples of $1,000
Issue Method:
Electronic
The Rates and Terms
- Treasury Notes are issued for terms of 2, 3, 5, and 10 years in multiples of $1,000.
You can buy Treasury Notes here. If you have additional questions about these investments, you can find the answers here
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The BlueCollarDollar (SM) © copyright 1998-2006
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