The US Treasury department will not issue SOFR-linked FRNs until at least 2020, according to Craig the US Treasury, counsellor to the secretary of Philips. the US Treasury said the department has decided to wait until after it completes Project Titan, the planned overhaul of its auction system.
The US Treasury department will not issue SOFR-linked FRNs until at least 2020, according to Craig Philips, counsellor to the secretary of the US Treasury. Philips said the department has decided to wait until after it completes Project Titan, the planned overhaul of its auction system.