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Monday, October 24, 2011

U.S. weighs issuing floating-rate notes

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) ? The Treasury Department on Friday indicated that it is seriously thinking about issuing floating-rate notes for the first time.

Treasury separated floating-rate notes from the pack and asked dealers for more specifics. The request came in the latest series of quarterly questions for a meeting of the advisory committee that coincides with the large bond and note auctions known as the quarterly refunding.

A senior Treasury official, speaking to reporters on condition of anonymity, stressed that no decisions had been made on issuing the new debt.

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