How are T-Notes Different from Other Treasury Securities?
T-Notes are part of a broader category of U.S. Treasury securities, which also includes Treasury Bills (T-Bills) and Treasury Bonds (T-Bonds). The key differences lie in their maturity periods and interest payments. T-Bills are short-term securities maturing in one year or less and do not pay periodic interest. T-Bonds, on the other hand, have maturities of more than ten years and also pay interest semi-annually, similar to T-Notes.