Last week, the Treasury Department said that it is considering floating rate notes linked to the Fed-created secured overnight financing rate (SOFR). More than $150 billion of SOFR notes have been sold, but there are “a lot of investors who don’t have [SOFR] floaters on their radar,” said Thomas Simons, a money-market economist at Jefferies Financial Group. A government bond would increase SOFR’s popularity in this respect.

Read more via The Wall Street Journal.