10 Year US T-Bill

A U.S. Treasury Security with a 10-year maturity is a debt security issued by the U.S. government with a fixed interest rate that pays out to the holder at the end of a 10-year period. Treasury securities are considered to be among the safest and most liquid investments available in the financial markets, because they are backed by the full faith and credit of the U.S. government.

Investors can purchase 10-year Treasury notes (T-notes) directly from the U.S. Treasury Department through its website or from authorized financial institutions. The purchase price of the T-note is typically less than its face value, and the difference represents the investor's return on investment, which is effectively the interest paid on the security.

At maturity, the investor receives the full face value of the T-note, which is equal to the initial purchase price plus the interest earned. The interest rate on a 10-year T-note is determined by market demand and can fluctuate depending on economic conditions and other factors.

In general, 10-year Treasury notes are considered to be a benchmark for other interest rates in the economy, as they are widely traded and their interest rates are used as a benchmark for pricing other debt securities, such as mortgages and corporate bonds.