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Treasury Floating Rate Notes: How Index Rates and Spreads Work

September 26, 2026 by Bruno

AI-generated editorial image: A calm architectural view of a neoclassical treasury building exterior under soft morning overcast daylight.

Learn how Treasury Floating Rate Notes (FRNs) work, how their weekly index rate and fixed spread are determined, and why they carry near-zero duration.

Categories Market Education Tags bond market, frn, interest rate risk, investing basics, treasury floating rate notes, treasury marketable securities

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