Mnuchin Says 100-Year Treasury Bond Possible
|09/13/2019||Posted by BusinessMediaguide.Com under General World News||
U.S. Treasury Secretary Steven Mnuchin on Thursday said the United States would issue 50-year bonds if there was “proper demand,” a moved aimed at “de-risking” the government’s $22 trillion of debt and locking in low interest rates.
“We are going to start with 50 years, and if the answer is 50 years is successful, we’ll consider 100-year bonds,” Mnuchin said in an interview with The New York Times’ DealBook and streamed online live, adding that he began looking into the possibility of ultra-long U.S. bonds two years ago.
The longest-dated U.S. Treasury currently is 30 years.
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