Treasury notes Hear it!

Treasury notes Finance Definition
Debt obligations issued by the U.S. Treasury that mature in 2, 3, 5, or 10 years. In May 2003, the U.S. Treasury reintroduced the 3-year note. The schedule for issuing debt is announced quarterly. Typically, Treasury notes are sold to institutions; however individuals also can buy them, through the Treasury Direct program. Because they are obligations of the U.S. government, Treasury notes are considered to be risk free.