﻿<?xml version="1.0" encoding="utf-8"?>
<InstanceReport xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xsd="http://www.w3.org/2001/XMLSchema">
  <Version>2.2.0.7</Version>
  <hasSegments>false</hasSegments>
  <ReportName>Note 6 - Marketable Securities</ReportName>
  <ReportLongName>00905 - Disclosure - Note 6 - Marketable Securities</ReportLongName>
  <DisplayLabelColumn>true</DisplayLabelColumn>
  <ShowElementNames>false</ShowElementNames>
  <RoundingOption />
  <HasEmbeddedReports>false</HasEmbeddedReports>
  <Columns>
    <Column>
      <LabelColumn>false</LabelColumn>
      <Id>1</Id>
      <Labels>
        <Label Id="1" Label="9 Months Ended" />
        <Label Id="2" Label="Sep. 30, 2010" />
      </Labels>
      <CurrencyCode>USD</CurrencyCode>
      <FootnoteIndexer />
      <hasSegments>false</hasSegments>
      <hasScenarios>false</hasScenarios>
      <Segments />
      <Scenarios />
      <Units>
        <Unit>
          <UnitID>Dollars</UnitID>
          <UnitType>Standard</UnitType>
          <StandardMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/iso4217</MeasureSchema>
            <MeasureValue>USD</MeasureValue>
            <MeasureNamespace>iso4217</MeasureNamespace>
          </StandardMeasure>
          <Scale>0</Scale>
        </Unit>
        <Unit>
          <UnitID>Shares</UnitID>
          <UnitType>Standard</UnitType>
          <StandardMeasure>
            <MeasureSchema>http://www.xbrl.org/2003/instance</MeasureSchema>
            <MeasureValue>shares</MeasureValue>
            <MeasureNamespace>xbrli</MeasureNamespace>
          </StandardMeasure>
          <Scale>0</Scale>
        </Unit>
      </Units>
      <CurrencySymbol>$</CurrencySymbol>
    </Column>
  </Columns>
  <Rows>
    <Row>
      <Id>2</Id>
      <Label>Notes to Financial Statements [Abstract]</Label>
      <Level>0</Level>
      <ElementName>pbra_NotesToFinancialStatementsAbstract</ElementName>
      <ElementPrefix>pbra</ElementPrefix>
      <IsBaseElement>false</IsBaseElement>
      <BalanceType>na</BalanceType>
      <PeriodType>duration</PeriodType>
      <ShortDefinition>No definition available.</ShortDefinition>
      <IsReportTitle>false</IsReportTitle>
      <IsSegmentTitle>false</IsSegmentTitle>
      <IsSubReportEnd>false</IsSubReportEnd>
      <IsCalendarTitle>false</IsCalendarTitle>
      <IsTuple>false</IsTuple>
      <IsAbstractGroupTitle>true</IsAbstractGroupTitle>
      <IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow>
      <IsEquityAdjustmentRow>false</IsEquityAdjustmentRow>
      <IsBeginningBalance>false</IsBeginningBalance>
      <IsEndingBalance>false</IsEndingBalance>
      <IsReverseSign>false</IsReverseSign>
      <PreferredLabelRole />
      <IsEPS>false</IsEPS>
      <FootnoteIndexer />
      <Cells>
        <Cell>
          <Id>1</Id>
          <ShowCurrencySymbol>false</ShowCurrencySymbol>
          <IsNumeric>false</IsNumeric>
          <IsRatio>false</IsRatio>
          <DisplayZeroAsNone>false</DisplayZeroAsNone>
          <NumericAmount>0</NumericAmount>
          <RoundedNumericAmount>0</RoundedNumericAmount>
          <NonNumbericText />
          <NonNumericTextHeader />
          <FootnoteIndexer />
          <hasSegments>false</hasSegments>
          <hasScenarios>false</hasScenarios>
          <DisplayDateInUSFormat>false</DisplayDateInUSFormat>
        </Cell>
      </Cells>
      <OriginalInstanceReportColumns />
      <ElementDataType>xbrli:stringItemType</ElementDataType>
      <SimpleDataType>string</SimpleDataType>
      <ElementDefenition>No definition available.</ElementDefenition>
      <IsTotalLabel>false</IsTotalLabel>
    </Row>
    <Row>
      <Id>3</Id>
      <Label>Note 6 - Marketable Securities</Label>
      <Level>1</Level>
      <ElementName>us-gaap_MarketableSecuritiesTextBlock</ElementName>
      <ElementPrefix>us-gaap</ElementPrefix>
      <IsBaseElement>true</IsBaseElement>
      <BalanceType>na</BalanceType>
      <PeriodType>duration</PeriodType>
      <ShortDefinition>No definition available.</ShortDefinition>
      <IsReportTitle>false</IsReportTitle>
      <IsSegmentTitle>false</IsSegmentTitle>
      <IsSubReportEnd>false</IsSubReportEnd>
      <IsCalendarTitle>false</IsCalendarTitle>
      <IsTuple>false</IsTuple>
      <IsAbstractGroupTitle>false</IsAbstractGroupTitle>
      <IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow>
      <IsEquityAdjustmentRow>false</IsEquityAdjustmentRow>
      <IsBeginningBalance>false</IsBeginningBalance>
      <IsEndingBalance>false</IsEndingBalance>
      <IsReverseSign>false</IsReverseSign>
      <PreferredLabelRole />
      <IsEPS>false</IsEPS>
      <FootnoteIndexer />
      <Cells>
        <Cell>
          <Id>1</Id>
          <ShowCurrencySymbol>false</ShowCurrencySymbol>
          <IsNumeric>false</IsNumeric>
          <IsRatio>false</IsRatio>
          <DisplayZeroAsNone>false</DisplayZeroAsNone>
          <NumericAmount>0</NumericAmount>
          <RoundedNumericAmount>0</RoundedNumericAmount>
          <NonNumbericText>&lt;p style="TEXT-ALIGN: left"&gt;&lt;b&gt;&lt;font size="2"&gt;6. Marketable Securities&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;
&lt;div align="left"&gt;
  &lt;table style="FONT-SIZE: 7pt; WIDTH: 100%; FONT-FAMILY: 'Arial'" cellspacing="0" border="0"&gt;
    &lt;tr&gt;
      &lt;td width="74%"&gt;&lt;/td&gt;
      &lt;td width="1%"&gt;&lt;/td&gt;
      &lt;td width="12%"&gt;&lt;/td&gt;
      &lt;td width="1%"&gt;&lt;/td&gt;
      &lt;td width="12%"&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td align="left"&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;&lt;b&gt;&lt;font size="2"&gt;September 30,&lt;/font&gt;&lt;/b&gt; 2010&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;&lt;b&gt;&lt;font size="2"&gt;December 31,&lt;/font&gt;&lt;/b&gt; 2009&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td colspan="5"&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td align="left"&gt;&lt;font size="2"&gt;Marketable securities classification:&lt;/font&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td align="left"&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td align="left"&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td style="TEXT-INDENT: 12px" align="left"&gt;&lt;font size="2"&gt;Available-for-sale&lt;/font&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;3,172&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td align="right"&gt;&lt;font size="2"&gt;2,551&lt;/font&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td style="TEXT-INDENT: 12px" align="left"&gt;&lt;font size="2"&gt;Trading&lt;/font&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;6,359&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td align="right"&gt;&lt;font size="2"&gt;-&lt;/font&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td style="TEXT-INDENT: 12px" align="left"&gt;&lt;font size="2"&gt;Held-to-maturity&lt;/font&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;156&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;font size="2"&gt;180&lt;/font&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td colspan="5"&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td align="left"&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 3px double" align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;9,687&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 3px double" align="right"&gt;&lt;font size="2"&gt;2,731&lt;/font&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td colspan="5"&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td align="left"&gt;&lt;font size="2"&gt;&lt;font size="2"&gt;Less: Current portion of marketable&lt;/font&gt; securities&lt;/font&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;(6,795)&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;font size="2"&gt;(72)&lt;/font&gt;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr&gt;
      &lt;td colspan="5"&gt;&amp;nbsp;&lt;/td&gt;
    &lt;/tr&gt;
    &lt;tr valign="bottom"&gt;
      &lt;td align="left"&gt;&lt;font size="2"&gt;Long-term portion of marketable securities&lt;/font&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;b&gt;&lt;font size="2"&gt;2,892&lt;/font&gt;&lt;/b&gt;&lt;/td&gt;
      &lt;td&gt;&amp;nbsp;&lt;/td&gt;
      &lt;td style="BORDER-BOTTOM: #000000 1px solid" align="right"&gt;&lt;font size="2"&gt;2,659&lt;/font&gt;&lt;/td&gt;
    &lt;/tr&gt;
  &lt;/table&gt;
&lt;/div&gt;
&lt;p style="MARGIN: 0px"&gt;&amp;nbsp;&lt;/p&gt;
&lt;p style="TEXT-ALIGN: justify"&gt;&lt;font size="2"&gt;Available-for-sale securities are presented as &amp;#147;Non-current assets&amp;#148;, as they are not expected to be sold or liquidated within the next twelve months. As of September 30, 2010, Petrobras had a balance of US$2,601 linked to B Series National Treasury Notes, which are accounted for as available-for-sale securities in accordance with Codification Topic 320.&lt;/font&gt;&lt;/p&gt;
&lt;p style="TEXT-ALIGN: justify"&gt;&lt;font size="2"&gt;On October 23, 2008, the B Series National Treasury Notes were used as a guarantee after the confirmation of the agreements into with Petros, Petrobras&amp;#146; pension plan (see Note 13 (b)). The nominal value of the NTN-Bs is based on variations in the Amplified Consumer Price Index (IPCA). The maturities of these notes are 2024 and 2035 and they bear interest coupons of 6% p.a., which is paid semi-annually. At September 30, 2010, the balances of the National Treasury Notes - Series B (NTN-B) are measured in accordance to their market value, based on the average prices disclosed by the National Association of Open Market Institutions (ANDIMA).&lt;/font&gt;&lt;/p&gt;
&lt;p style="TEXT-ALIGN: justify"&gt;&lt;font size="2"&gt;During the third quarter of 2010, Petrobras invested a portion of the resources raised from the Global Offering (see note 19) primarily in Brazilian Treasury Securities with original maturity of more than three months. These securities were classified as trading, in accordance with Codification Topic 320, due to the purpose of selling them in the near term.&lt;/font&gt;&lt;/p&gt;</NonNumbericText>
          <NonNumericTextHeader>6. Marketable Securities










      &amp;nbsp;
      &amp;nbsp;
      September 30, 2010
      &amp;nbsp;
      December</NonNumericTextHeader>
          <FootnoteIndexer />
          <hasSegments>false</hasSegments>
          <hasScenarios>false</hasScenarios>
          <DisplayDateInUSFormat>false</DisplayDateInUSFormat>
        </Cell>
      </Cells>
      <OriginalInstanceReportColumns />
      <ElementDataType>us-types:textBlockItemType</ElementDataType>
      <SimpleDataType>textblock</SimpleDataType>
      <ElementDefenition>This item represents the entire disclosure related to Marketable Securities which may consist of all investments in certain debt and equity securities (and other assets).</ElementDefenition>
      <ElementReferences>No authoritative reference available.</ElementReferences>
      <IsTotalLabel>false</IsTotalLabel>
    </Row>
  </Rows>
  <Footnotes />
  <NumberOfCols>1</NumberOfCols>
  <NumberOfRows>2</NumberOfRows>
  <HasScenarios>false</HasScenarios>
  <MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel>
  <SharesRoundingLevel>UnKnown</SharesRoundingLevel>
  <PerShareRoundingLevel>UnKnown</PerShareRoundingLevel>
  <HasPureData>false</HasPureData>
  <SharesShouldBeRounded>true</SharesShouldBeRounded>
</InstanceReport>
