WisdomTree: An Introduction to U.S. Floating Rate Treasury Notes
February 03, 2014 at 11:06 AM EST
The U.S. Treasury recently made headlines when it auctioned off the first floating rate Treasury bond in its history.1 This was also the first new class of issuance by the Treasury since it issued Treasury Inflation-Protected Securities (TIPS) in 1997. As another means for the Treasury to fulfill...