when are t notes issued 
the treasury issues new t notes of shorter maturities every month however new 10 year notes are only issued in february may august and november the treasury sells additional 10 year notes from the most recent issue in what is known as reopenings in other months reopened notes have the same maturity date and coupon interest rate as the original issue but they have a different issue date and a purchase price that reflects subsequent changes in the market s interest rates 2can i buy treasury bills from my bank yes you can purchase treasury bills from many banks but you may end up paying additional expenses such as sales commissions and other transaction charges over time these fees and expenses can eat into your returns the bottom linea 10 year treasury note pays interest at a fixed rate twice a year and will pay its face value at maturity they are issued by the u s government and provide low risk investments and they re generally tax exempt at the state and local levels t notes can be a good choice for those who prefer not to roll the dice with more iffy investments 