Floating Rate Notes
E176251
Floating Rate Notes are U.S. Treasury securities that pay interest at a variable rate tied to a benchmark, typically adjusting every few months.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Floating Rate Notes canonical | 2 |
How this entity was disambiguated
This entity first appeared as the object of triple T1542616 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Floating Rate Notes Context triple: [TreasuryDirect, offersProduct, Floating Rate Notes]
-
A.
Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
-
B.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
-
C.
Eurodollar time deposits
Eurodollar time deposits are U.S. dollar-denominated interest-bearing deposits held in banks outside the United States, widely used in global money markets as a benchmark for short-term dollar funding rates.
-
D.
SOFR futures
SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
-
E.
Fed funds futures
Fed funds futures are exchange-traded derivatives that allow market participants to hedge or speculate on the future level of the U.S. federal funds interest rate.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Floating Rate Notes Target entity description: Floating Rate Notes are U.S. Treasury securities that pay interest at a variable rate tied to a benchmark, typically adjusting every few months.
-
A.
Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
-
B.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
-
C.
Eurodollar time deposits
Eurodollar time deposits are U.S. dollar-denominated interest-bearing deposits held in banks outside the United States, widely used in global money markets as a benchmark for short-term dollar funding rates.
-
D.
SOFR futures
SOFR futures are exchange-traded derivatives that allow market participants to hedge or speculate on future levels of the Secured Overnight Financing Rate, the U.S. dollar risk-free benchmark interest rate.
-
E.
Fed funds futures
Fed funds futures are exchange-traded derivatives that allow market participants to hedge or speculate on the future level of the U.S. federal funds interest rate.
- F. None of above. chosen
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
U.S. Treasury security
ⓘ
debt instrument ⓘ marketable security ⓘ |
| advantage | reduced price sensitivity to interest rate changes compared with fixed-rate notes ⓘ |
| auctionMethod | Treasury auction ⓘ |
| belongsToAssetClass |
money market and short-term fixed income instruments
ⓘ
sovereign bonds ⓘ |
| comparedWith | fixed-rate Treasury notes ⓘ |
| couponPaymentFrequency |
quarterly
ⓘ
semiannual ⓘ |
| couponStructure | floating coupon ⓘ |
| creditRisk | backed by full faith and credit of U.S. government ⓘ |
| denominatedIn | U.S. dollars ⓘ |
| disadvantage | uncertain future income stream ⓘ |
| documentation | Treasury offering circulars ⓘ |
| eligibleFor | use as collateral in financial markets ⓘ |
| faceValue | typically 100 U.S. dollars ⓘ |
| firstIssuedIn | 2014 ⓘ |
| hasAbbreviation | FRN ⓘ |
| hasMaturity |
10 years
ⓘ
2 years ⓘ 3 years ⓘ 5 years ⓘ 7 years ⓘ longer maturities may be issued ⓘ |
| interestRateLinkedTo |
benchmark index
ⓘ
reference rate ⓘ |
| interestRateResetFrequency |
every month
ⓘ
every quarter ⓘ every six months ⓘ every week ⓘ |
| investorType |
individual investors
ⓘ
institutional investors ⓘ |
| issuedBy | United States Department of the Treasury ⓘ |
| market |
U.S. Treasury market
ⓘ
linked to:
U.S. Treasury securities
|
| paysInterest | variable rate ⓘ |
| principalRepayment | at maturity ⓘ |
| regulator |
U.S. Department of the Treasury
ⓘ
linked to:
United States Department of the Treasury
|
| riskType |
interest rate risk
ⓘ
market risk ⓘ |
| settlement | book-entry form ⓘ |
| taxTreatment |
exempt from state and local income tax in many U.S. states
ⓘ
subject to federal income tax ⓘ |
| tradedOn | secondary market ⓘ |
| usedFor |
cash management
ⓘ
interest rate risk management ⓘ short- to medium-term investment ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Floating Rate Notes Description of subject: Floating Rate Notes are U.S. Treasury securities that pay interest at a variable rate tied to a benchmark, typically adjusting every few months.
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.