Interesting ~ downtrend of 10Y T Notes. The reason of this decline, of course, lesser and lesser demand for bond trading.
All the same: T-Bill == 1 Year Maturity or less,
T-Note == 1~10 Years Maturity T-Bond == 10-30 Years Maturity
naming different? Duration must have been very important to call it differently to distinguish -
The naming is very confusing. Risk on should be risk light is on so you should move your stuff into the safer place. Risk off should be risk light is off so you should move your stuff into the riskier place -