T-note

Business & Finance abbreviation · Bond & Fixed-Income

T-note
Stands forTreasury note
CategoriesBusiness & Finance

T-note stands for Treasury note, a bond & Fixed-Income abbreviation.

US government debt security with a maturity of 2, 3, 5, 7 or 10 years that pays a fixed coupon every six months. The 10-year Treasury note is the world's most closely watched benchmark interest rate.

Example: Mortgage rates track the 10-year T-note yield more closely than the Fed's policy rate.

Usage notes

Notes are sold at regular auctions and trade actively in the secondary market, and the Treasury also issues two-year floating rate notes. Comparing 2-year and 10-year note yields shows the slope of the yield curve; an inverted curve has preceded many US recessions.

More bond & Fixed-Income abbreviations

  • OIS – Overnight index swap
  • SOFR – Secured Overnight Financing Rate
  • SONIA – Sterling Overnight Index Average
  • STRIPS – Separate Trading of Registered Interest and Principal of Securities
  • T-bill – Treasury bill
  • T-bond – Treasury bond
  • TIPS – Treasury Inflation-Protected Securities
  • TRS – Total return swap
  • UST – United States Treasury securities
  • WAL – Weighted average life
  • YTC – Yield to call
  • YTM – Yield to maturity

See all 42 bond & Fixed-Income abbreviations →