US Treasury May Issue Debt With a Floating Interest Rate

Brilliant. Reminds me of Will Rogers. Think of all he’d have said if he’d understood MMT.

US Treasury May Issue Debt With Floating Interest Rate

By Jeff Cox

October 24 (CNBC) — Dealers and traders have been approached recently with plans to issue a floating-rate note that for investors would provide an opportunity to profit should rates go up and for the government a chance to restructure its debt even further.