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http://www.bloomberg.com/news/2012-04-2 ... sales.html
Is this something Vanguard might be interested in offering and if so where would they fit into the scheme of things? Looks like Fidelity might be offering a fund and they say MM's might be purchasers?
It might be interesting if they offered them in binds?
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Really great article. Covers the pluses and minuses of why and when they would issue the bonds. It looks like we're inching a little closer to them every time a new article comes out. So it appears Treasury is seriously considering them.
If the interest reset interval is short enough they could be used in a MMF because that is effectively the "duration."
Basically the floaters are equivalent to rolling over tbills with the same duration as the reset interval.
...and then Buffy staked Edward. The end.
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