Year Treasury

United States Treasury Security - Marketable Securities - Directly Issued By The United States Government - Treasury Bond
... Treasury bonds (T-Bonds, or the long bond) have the longest maturity, from twenty years to thirty years ... payment every six months like T-Notes, and are commonly issued with maturity of thirty years ... This role has largely been taken over by the 10-year note, as the size and frequency of long-term bond issues declined significantly in the 1990s and early 2000s ...

Fed Model
... market are in equilibrium, and fairly valued, when the one year forward looking earnings yield equals the 10-year Treasury note yield The model is often used as a simple tool to measure attractiveness ... related to changes in the long-term Treasury yields, but this year's stock price gains were not matched by a significant net decline in interest rates ... As a result, the yield on ten-year Treasury notes now exceeds the ratio of twelve-month-ahead earnings to prices by the largest amount since 1991, when earnings ...