Economy

Government to sell Treasury security with variable rate

By Martin Crutsinger
Published November 6, 2013 5:00am ET
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Government to sell Treasury security with variable rate
A statue of former Treasury Secretary Albert Gallatin stands outside the Treasury Building in Washington. (AP/Jacquelyn Martin) | Jacquelyn Martin

The government says that it will begin selling Treasury securities next year that have variable interest rates. It’s the first new Treasury security in 17 years.

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Associated Press Budgets and Deficits Treasury Department