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Government to sell Treasury security with variable rate

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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. Treasury officials said Wednesday that the initial offering on Jan. 29 will be in a range of $10 billion to $15 billion. Auctions will occur each month. The securities will have a two-year maturity and the rate will be allowed to go up...

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