Treasury Notes


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Related to Treasury Notes: Treasury bills, 10 Year Treasury Notes

Treasury Notes

 

tokens representing value, which substitute in circulation for set quantities of gold or silver. Having no value of their own, treasury notes circulate as representations of gold and silver money and to some’extent may substitute for them as a medium of payment. Treasury notes may take the form of paper money and bank notes, as well as of coins having a nominal value greater than their actual metallic value (such as copper and nickel coins).


Treasury Notes

 

money not exchangeable for gold and issued by the treasury, as well as short-term treasury obligations in circulation. Before World War I, treasury notes greatly differed from bank notes, which were put out by the banks of issue to credit commodity circulation and which were exchangeable for gold. During and for some time after World War I, budget deficits were often covered by treasury notes, as well as by bank notes (which ceased to be exchangeable for gold). During World War II, military expenditures were financed by short-term treasury obligations, such as the “occupation marks” issued by fascist Germany that circulated in countries temporarily occupied by Germany.

In the USSR, treasury notes are used to replace bank notes and to pay small bills. Treasury notes circulate in the country on an equal basis with bank notes. Treasury notes are issued by the Gosbank (State Bank) of the USSR according to its emission plan in denominations of one, three, and five rubles. By law, treasury notes are backed by the national property of the USSR, and their acceptance at their nominal value is mandatory throughout the entire country for all types of payments.

A. B. EIDEL’NANT

References in periodicals archive ?
Knight Owl has to have a chance on his course form and his second to Treasury Notes, but he might prefer the ground a bit slower, so instead my other choice is American Artist for Roger Varian from stall 12.
Due to the US Treasury Department's suspension of 30-year bond issuance between 2001 and 2006, the gap in the exposures of the existing 10-Year US Treasury note and the US Treasury bond futures has expanded from approximately eight years to about 14 years, creating customer demand for a new product that establishes 10-year yield exposure.
They reasoned that in addition to compensation for expected inflation, regular Treasury notes must also pay compensation for inflation risk, or the possibility that actual inflation will be higher (or lower) than expected inflation.
Rates on 30-year home mortgages, which typically run almost two percentage points higher than the 10-year Treasury note, were also on the rise, along with corporate bond rates.
Treasury Note due July 15, 2006 (minus accrued and unpaid interest from the last interest payment date to, but not including, the early settlement date, or final settlement date, in the event that Quebecor Media foregoes the early settlement date).
The 10-year Treasury notes were auctioned in minimum denominations of $1,000 with an interest coupon rate of 3-3/8 percent.
AEW said the hedging transaction is intended to minimize the fund's real estate exposure for the length of the swap by allowing it to reallocate some of its real estate investments to other asset classes, such as equities and treasury notes.
And by moving to long-term Treasury notes and bonds you can get a yield of about 7.
Treasury Notes used in the fixed spread formulas will be set at 2:00 p.
5 billion in new five-year Treasury notes from a government auction in the afternoon.
75% Treasury Notes due March 31, 2007 in the case of the 2012 Subordinated Notes, and at a fixed spread of 50 basis points over the bid side yield on the 1.
Treasury notes attracted strong buying after Standard & Poor's cut its credit ratings on General Motors Corp.

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