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SSASovereigns

US Treasury to send RFI for Sofr FRN, unveils plans for 20 year bond

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The US Treasury is to send out a request for information (RFI) to market participants to sound out interest for a floating rate note linked to the Secured Overnight Financing Rate (Sofr), the Federal Reserve’s recommended replacement for Libor. The US has also disclosed further details of its plans to bring back a 20 year line.

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