The '2-Year FRN Auction' in the USA refers to the sale of 2-year Floating Rate Notes by the U.S. Treasury. These securities have interest payments that adjust based on changes in short-term interest rates, specifically the 13-week Treasury bill rate. This auction is significant as it helps the government raise funds while providing investors a hedge against rising interest rates. The results can influence market interest rates and investor sentiment, impacting broader financial markets and economic conditions.
The '2-Year FRN Auction' in the USA refers to the sale of 2-year Floating Rate Notes by the U.S. Treasury. These securities have interest payments that adjust based on changes in short-term interest rates, specifically the 13-week Treasury bill rate. This auction is significant as it helps the go...