MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
|
|
Cue Jaws theme: Treasury Is Readying Floating-Rate Debt
By EmmaZahn on Tue, 05/07/2013 - 8:24pm |
The U.S. government moved closer to issuing a new type of Treasury bond whose interest rates change over time.
The Treasury said Wednesday it may start this new type of government bond as early as the fourth quarter, a sign the U.S. government is inching toward preparing to fund itself when interest rates eventually rise from the current historic lows.
URL:
http://online.wsj.com/article/SB10001424127887324766604578457170494318996.html
- 709 reads
Comments
Does anyone else think this is a little - ummm - inverted? Why would you want a floating rate if you are expecting rates to rise?
Okay, there are some functional reasons for doing it but still. When practically the whole world wants to own your debt, even to the point of being willing to pay you a premium for it, who are you really benefiting and at whose expense?
by EmmaZahn on Tue, 05/07/2013 - 8:32pm