UPDATE 1-Citigroup, GE, GM sell floaters at low yields

Newswire

(Recasts, adds details) By Jonathan Stempel NEW YORK, Jan 30 (Reuters) - Sales of floating-rate notes are up this week as issuers take advantage of low interest rates and investors hesitate to buy long-term debt, fearing that improving economies will cause rates to rise. Citigroup Inc. , General Electric Co. and General Motors Corp. have sold about $4.8 billion of the notes this week as short-term interest rates sit at four-decade lows. National Rural Utilities Cooperative Finance ...

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