US Treasury will offer floating-rate securities

By: The Associated Press Email
By: The Associated Press Email

The Treasury Department says it will offer investors Treasury securities with variable interest rates, similar to those on some home mortgages.

Officials said actual sale of the new type of securities is at a least a year away because of the time needed to modify government computer systems to handle the floating-rate securities.

Treasury says it will continue to study a second unconventional way to sell government debt that would offer negative yields. Investors would, in effect, pay the government for the privilege of socking their money in ultra-safe Treasurys. No decision has been made yet on whether to proceed with negative yield securities.

Global investors have been shifting money into Treasurys out of fear of other types of securities, especially those linked to Europe's debt crisis.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email:
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 164574596 -
Gray Television, Inc.