Treasury Notes

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Related to Treasury note: Treasury bill, Treasury bond

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 ?
When asked about forecasts for even lower rates - Allianz Chief Economic Advisor Mohamed El-Erian is also forecasting 1% yield on 10-year Treasury notes - Kotok says, "Rates may go to zero, but I don't want to take that risk from here for my clients." They have been rising for the past two trading sessions.Kotok, who invests for total return, is more bullish on stocks than bonds currently and is fully invested in clients' U.S.
The Ultra 10-Year US Treasury Note futures and options contracts will receive automatic margin offsets against existing interest rate futures upon launch, and will become eligible for portfolio margining of CME cleared interest rate swaps and futures shortly after launch.
Treasury note to see if the market remains quiescent.
The daily yields available on a 10-year Treasury note from the end of 2002 to the end of December 2013 are shown in Exhibit 5.
By rewarding executives only when the company's stock price increases at a rate greater than the 10-year Treasury note plus an equity risk premium, EPOPs overcome the criticism that performance targets are too low.
From January 1972 to April 2008 the median weekly spread is about 160 basis points between the 30-year fixed-rate mortgage and the 10-year Treasury note. If this more normal spread prevailed, fixed-rate mortgages would be around 5 percent today, instead of the current 5.88 percent.
A new treasury notes category, RIKB 08 0613, was issued in Iceland on Monday (19 June).
Unlike nominal Treasury notes, the real return of a TIPS is fixed at auction time.
The five-year conventional Treasury note and the five-year TIIS are used because of their similar maturity date, July 2002.
We suggest the contract best suited for pipeline hedging is the 10-year Treasury note. Although not as large a market as the Treasury bills and bonds, typical trading involves $20 billion in open interests, or the face value of the futures contracts currently outstanding.
Finally, committee staff has requested that we also address a recent episode in the Treasury coupon market, in which strong demands by a few participants apparently "squeezed" others in the market who had committed to deliver last month's two-year Treasury note. As a result, prices were distorted for a time in the market for the security and for its financing.

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