How does a treasury note differ from a treasury bill?

A Treasury note (T-note) differs from a Treasury bill (T-bill) primarily in terms of maturity and interest payments. T-notes have maturities ranging from 2 to 10 years and pay interest semi-annually, while T-bills are short-term securities with maturities of one year or less and do not pay periodic interest; instead, they are sold at a discount and pay face value at maturity. This distinction affects their investment profiles and the way they are used in financial markets.