What is US Treasury Note?

US Treasury Note, also called T-Note, is a marketable debt security issued by The US Department of the Treasury.

US Treasury Department used to issue T-Notes as physical papers. Today all T-Notes are issued electronically to your online accounts.

Both the paper version and the electronic version of a US T-Note has the following features:

• It has an issue date and a maturity date, defining a medium maturity term between 2 and 10 years.
• It has a fixed face value, also called par value, for example, $5,000.00.
• It has a coupon rate, for example, 8%.
• It has a coupon payment schedule, for example, every 6 months.
• It has a CUSIP (Committee on Uniform Securities Identification Procedures) number (and a series number) to identify the series of T-Notes with the same security features.
• It has a serial number to identify a single bond paper, if it is issued physically.

Here is a picture of a US Treasury Note paper issued on August 16, 1976:

As you can see from the picture, this US Treasury Note has:

• An issue date of August 16, 1976, and a maturity date of August 15, 1986, defining a maturity term of 10 years.
• A fixed face value of $5,000.00, which can be redeemed as cash after the note has matured.
• A coupon rate of 8%.
• A coupon payment schedule of February 15 and August 15 each year from 1977 to 2086.
• A CUSIP number of 912827FW7.
• A serial number of 17710.

⇒ What Is US Treasury Note Coupon

⇐ Introduction of US Treasury Notes

⇑ Introduction of US Treasury Notes

⇑⇑ US Treasury Securities