WASHINGTON (AP) — The Treasury Department said Wednesday that it will offer investors Treasury securities with variable interest rates, similar to those on some home mortgages.

Officials said actual sale of the new type of securities is at a least a year away because of the time needed to modify government computer systems to handle the floating-rate securities.

Recommended Stories

It’s farcical to blame the Iran war’s costs on stopping the war

House intelligence and national security hawks suffer major losses in midterm elections

Newsom commutes executions for all 548 California inmates on death row