What is the maximum maturity period for a Treasury note?

A Treasury note is a government debt security that is issued with maturities ranging from 2 to 10 years. The unique features of Treasury notes include a fixed interest rate, which remains constant throughout the life of the note, and payments that occur every six months until the note reaches maturity.

The correct answer reflects the typical characteristics of a Treasury note, specifically that its maximum maturity period is 10 years. Unlike certain short-term securities such as Treasury bills, which can have maturities of up to 1 year, Treasury notes are designed for slightly longer investment horizons. In contrast, Treasury bonds can extend up to 30 years, but they differ from notes in terms of their broader maturity range. Thus, identifying a 10-year maturity as the maximum for Treasury notes aligns with the standard definitions and classifications of U.S. government securities.