On 3/31/19, you buy $100,000 face amount of a new issue treasury note with a 2.70% coupon at par. The notes mature on 3/31/29. Bear in mind that treasury notes, and most notes and bonds, pay a coupon every six months.

1. Is this note callable? How do you know?
2. On 3/31/20, the 9 year treasury yield is 2.45%. What is the market value of your notes?
3. What is the total return on your investment in this note, in dollars and percentage, on 3/31/20?
4. What is the current yield on the notes on 3/31/20?
5. On 3/31/21, the 8 year treasury yield is 2.98%. What is the market value of your notes?
6. What is the total return on your investment in this note, in dollars and percentages, on 3/31/21?
7. What is the current yield on the notes on 3/31/21?

Is it good for you, as a note holder, that the current yield has gone up?