U.S. Treasury Considers 50-year bond

U.S. Treasury Considers 50-year bond

Treasury Secretary Steven Mnuchin floated the idea of the US Government issuing an “ultra-long” government bond next year should the demand arise.

Mnuchin has been talking for the past 2 years about the possibility of expanding the Treasury’s long-term borrowing capabilities, surpassing the horizon of the 30-year bond. The Treasury Secretary said he anticipated that investors might be drawn even more to buying U.S. bonds following the decision by the European Central Bank to cut rates below zero.

Mnuchin pointed to the challenges facing Europe with negative rates, suggesting it would be harder for banks to make money and could undermine the economy.

“It’s very hard for banks to make money in negative interest rates, and if banks can’t make money it’s hard to have a good economy,” said Mnuchin.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue

Help with deposit?