Whats the difference in 10 year bonds and notes?

Discussion in 'Trading' started by cubical, Dec 19, 2008.

  1. cubical


    Whats the difference in a 10 year t-bond and a 10 year t-note. both pay interest every 6 months. Is it on how they are bid? Thanks.
  2. The "bond" may have been issued long before the note and now, both securities may have the same amount of time remaining before redemption.
  3. cubical


  4. mktmkr


    t-bills short term i believe upto two years
    t-notes upto ten years
    t-bonds ten years and longer

    sometimes used interchangeably