Jul 13 2009
Treasury Notes and Bonds
Peter Boockvar made a bit of a boo-boo on the Big Picture blog in his post 10 year bond yield/50% retracement. Since leaving a comment requires logging in, which requires being registered – which I’m not – I’ll use this blog post as a corrective venue for Peter.
In the Treasury market, coupon securities (those which pay semi-annual interest) with original maturities bewteen 2 and 10 years are called “Notes”. Those with longer maturies – meaning 30 years – are called “Bonds”. In other words, Peter should have said “10 year note” rather than “10 year bond”.
Back when I was a rookie analyst I worked in the rates market, mostly focusing on Treasuries. In fact, my first regular gig providing specific trading recommendations in a professional fashion – if I remember correctly – was on the 10 year Note.
Here are some other posts which might interest you:
