FRNs

E176252

FRNs are U.S. Treasury floating rate notes whose interest payments adjust periodically based on short-term interest rate benchmarks.

All labels observed (1)

Label Occurrences
FRNs canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf U.S. Treasury security ⓘ
floating rate note ⓘ
auctionFrequency monthly ⓘ
auctionMethod single-price auction ⓘ
comparisonSecurity Treasury Inflation-Protected Securities (TIPS) ⓘ
Treasury bills ⓘ
Treasury notes ⓘ
countryOfIssuer United States ⓘ
couponFloor may be zero if reference rate plus spread is non-positive ⓘ
couponPaymentMethod electronic funds transfer ⓘ
couponResetMechanism based on most recent 13-week T-bill auction ⓘ
couponType floating rate ⓘ
creditRiskLevel backed by full faith and credit of the U.S. government ⓘ
CUSIPAssigned true ⓘ
denominatedIn U.S. dollar ⓘ
linked to: US dollar
documentation Treasury offering circulars ⓘ
eligibleFor TreasuryDirect ⓘ
commercial book-entry systems ⓘ
firstIssueDate January 2014 ⓘ
form book-entry ⓘ
governingLaw U.S. federal law ⓘ
holderType individual investors ⓘ
institutional investors ⓘ
inflationProtection not inflation-indexed ⓘ
interestPaymentBasis actual/365 ⓘ
interestPaymentFrequency quarterly ⓘ
interestRateBenchmark 13-week Treasury bill rate ⓘ
short-term interest rate ⓘ
interestRateStructure spread plus reference rate ⓘ
issuer U.S. Department of the Treasury ⓘ
liquidityLevel high ⓘ
market U.S. Treasury market ⓘ
maturityRange 2 years ⓘ
minimumDenomination 100 U.S. dollars ⓘ
principalRepayment at maturity ⓘ
referenceRateResetFrequency weekly ⓘ
regulator U.S. Department of the Treasury ⓘ
riskType interest rate risk ⓘ
securityClass U.S. government debt ⓘ
securityType marketable Treasury security ⓘ
settlement T+1 or as specified at auction ⓘ
targetInvestorNeed reduced price sensitivity to rising rates ⓘ
taxTreatment exempt from state and local income tax on interest ⓘ
subject to federal income tax ⓘ
tradableOn secondary market ⓘ
useCase hedging interest rate risk ⓘ
short-duration fixed income investment ⓘ

How these facts were elicited

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.