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50-Year Bond Proposed!
Who would buy this? Some credit default swap outfit to boost the monopoly money in the USA! Hell The federal reserve is buying their own bonds already and now with The 50 year bonds they can kick the can down the road some more! What a farce it all is now!
serf
https://news.yahoo.com/u-treasury-department-exploring-50-124518651.html
The U.S. Treasury Department expressed continued interest in issuing a 50-year bond, for the first time, as part of efforts to expand its investor base as the budget deficit widens to $1 trillion.
The department said it?s also considering issuance of a 20-year bond and an inaugural floating-rate note with a one-year maturity linked to the Secured Overnight Financing Rate, according to the Treasury?s quarterly refunding statement released Wednesday in Washington.
The Treasury said it will keep its auctions of nominal coupon and floating-rate debt steady at a record $84 billion for a fourth straight quarter.
The department also alluded briefly to the U.S. central bank?s efforts to address volatility in money markets since mid-September by replenishing reserves in the financial system. The Treasury said it?s ?monitoring the Federal Reserve?s recently announced Treasury bill purchases.?
serf
https://news.yahoo.com/u-treasury-department-exploring-50-124518651.html
The U.S. Treasury Department expressed continued interest in issuing a 50-year bond, for the first time, as part of efforts to expand its investor base as the budget deficit widens to $1 trillion.
The department said it?s also considering issuance of a 20-year bond and an inaugural floating-rate note with a one-year maturity linked to the Secured Overnight Financing Rate, according to the Treasury?s quarterly refunding statement released Wednesday in Washington.
The Treasury said it will keep its auctions of nominal coupon and floating-rate debt steady at a record $84 billion for a fourth straight quarter.
The department also alluded briefly to the U.S. central bank?s efforts to address volatility in money markets since mid-September by replenishing reserves in the financial system. The Treasury said it?s ?monitoring the Federal Reserve?s recently announced Treasury bill purchases.?
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