Financial Dictionary
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Treasury Note (TN) - A short-term debt
instrument issued by the Commonwealth Government, issued
on a tender basis each week for terms of either 13 or
26 weeks. The Reserve Bank conducts the tenders, which
are pitched in line with liquidity expectations over the
period in which the notes have to be paid for, as well
as providing liquidity for periods when it is most needed
(eg. tax run-down periods).
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