Treasury Bond:
A federal registered or bearer obligation issued in denominations of $500 to $1 million with maturities ranging from 10 to 35 years. Treasury bonds carry a fixed interest rate. These bonds are issued, quoted and traded as a percentage of their face value.
Treasury Note:
A federal registered or bearer obligation issued in denominations of $1,000 to $500 million for maturities of one to 10 years. Treasury notes carry a fixed rate of interest. These notes are issued, quoted, and traded at a percentage of their face value.