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Personal Finance and Investing

progree

(10,894 posts)

2. There's also the new Floating Rate Notes, but are for just 2 year terms

Reply to whatthehey (Original post)

Fri Dec 11, 2015, 02:24 PM

Dec 2015

Floating Rate Notes (FRNs)

The U.S. Treasury began issuing Floating Rate Notes (FRNs) in January 2014. Issued for a term of two years, FRNs pay varying amounts of interest quarterly until maturity. Interest payments rise and fall based on discount rates in auctions of 13-week Treasury bills.

https://www.treasurydirect.gov/indiv/products/prod_frns_glance.htm

and no doubt their interest rates are miniscule.

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I'm a bond novice seeking help [View all] whatthehey Dec 2015 OP

30 year treasuries are fixed rate progree Dec 2015 #1

There's also the new Floating Rate Notes, but are for just 2 year terms progree Dec 2015 #2

Thanks for the help. It's weird how tough I'm finding it to get basic info whatthehey Dec 2015 #3

its widely expected fed will raise interest rates next week goldent Dec 2015 #4

First of all, there are NO stupid questions in this Group! A HERETIC I AM Dec 2015 #5

Wow. Thank you for this tutorial. SheilaT Dec 2015 #6

Well thanks! A HERETIC I AM Dec 2015 #7

Yes, an excellent tutorial. Very much appreciated. nm progree Dec 2015 #8

Thank you for the compliment. A HERETIC I AM Dec 2015 #11

Likewise pls accept my apology :-), Thanks. Actually I never saw your response -- progree Dec 2015 #12

Wondrous thank you very much whatthehey Dec 2015 #9

You are very welcome! A HERETIC I AM Dec 2015 #10