The Treasury Department is asking for public input about the possible issuance of Treasury floating-rate notes
Mostly, the Treasury is trying to gauge “demand for the product, how the security should be structured, its liquidity, and any operational issues that should be considered,” according to a notice in the federal register.
No decision on issuing the notes has been made.
Comments, due by April 18, can be sent through www.regulations.gov.
The notice says the Treasury is considering this in an attempt “to minimize borrowing costs, better manage its liability profile, enhance market liquidity, and expand the investor base in Treasury securities.”