New Features of TreasuryDirect
When purchasing a security, we only make one attempt to obtain the funds from your designated financial institution.
What’s new! We’ ve added a new security type, the Floating Rate Note (FRN), to the
Treasury Marketable Securities portfolio. This new security became available for purchase in TreasuryDirect in 2013.
An FRN is a security that has an interest payment that can change over time. As interest rates rise, the security’s interest payments will increase. Similarly, as interest rates fall, the security’s interest payments will decrease. For more information about the FRN visit Learn More About Security Types.