March 19, 2012 / 1:45 PM / 8 years ago

U.S. Treasury seeks comment on floating-rate notes

WASHINGTON, March 19 (Reuters) - The U.S. Treasury Department, weighing whether there is a market for new debt products, on Monday asked for comments from investors about floating-rate notes.

In a notice published in the Federal Register, the Treasury stressed it has not yet made a decision about issuing the notes, which would have a variable coupon as opposed to offering a fixed-rate return.

But it asked a series of detailed questions about how market participants thought such a note should be structured and set a 30-day deadline of April 18 to respond. The next Treasury quarterly refunding announcement is set for May 2.

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