U.S. Treasury Studies Floating-Rate Benefit, Decision Later
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The U.S. Treasury Department said it sees benefits in the issuance of floating-rate notes, while a decision will be made “at a later date.”
The government also said it plans to sell $72 billion in notes and bonds at next week’s quarterly refunding. The Treasury intends to auction $32 billion in 3-year notes on May 8, $24 billion in 10-year notes on May 9 and $16 billion in 30-year bonds on May 10.