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The 10-year Treasury gets more press than any other government security and is frequently what people refer to when they talk of Treasuries and Treasury yields. Investors pay keen attention to movements in 10-year notes because they serve as a benchmark for other borrowing rates, such as mortgage rates. When the 10-year yield fluctuates it can have significant implications across the financial landscape.
What Is a 10-Year Treasury?
A 10-year Treasury is a bond that guarantees interest plus repayment of the borrowed money in a decade. The 10-year Treasury is just one of a handful of securities issued by the U.S. government. Others include:
• Treasury bills, also known as T-bills, are short-term securities, with maturities that range from a few days to 52…