Great question — the 10-year U.S. Treasury Note (T-Note) is one of the most important benchmarks in finance, and it’s tightly linked to interest rates. Here’s a breakdown of how it works and why it matters: 1. What the 10-Year Treasury Is It’s a bond issued by the U.S. government with a maturity of 10 years.Investors buy it, loaning money to the government in exchange for:Semiannual coupon payments (interest), andThe face value back at maturity.Because it’s backed by the U.S. government, it’s...