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Home / Business / Mnuchin states that the Trump administration is considering & # 39; ultra-long & # 39; bonds

Mnuchin states that the Trump administration is considering & # 39; ultra-long & # 39; bonds



Treasury Secretary Steven Mnuchin Steven Terner MnuchinTrump has already won the trade war with China Hillicon Valley: USA, France reaches agreement on technical tax | FEC deputy resigns | Move leaves agency unable to vote on actions | Groups seek pledge of neutrality from 2020 Dems | Australia's eyes that block extremist content US, French officials reach digital tax deal: reports MER said the Trump administration is considering issuing "ultra-long" bonds beyond traditional 30-year benchmarks, according to Bloomberg News.

If conditions are right, I expect we will benefit from long-term borrowing and carry it out, "Mnuchin said in a Wednesday interview with Bloomberg, adding that he had had meetings about the opportunity earlier in the day. [1

9659004] According to the report, Treasury first began assessing bonds that would last for 50 or even 100 years as early as 2009, but the idea only got steamed recently.

Long-term bonds can have a major impact on international bond markets, which often rely on US Treasury bills as a baseline.

It would allow the Treasury to borrow money in the long run in a time of low interest rates, an appealing prospect at a time when deficits are high. The deficit is nearing $ 1 trillion this year, which means the government has to borrow to fill the budget gap.

Countries such as Austria, Belgium and Ireland have already issued ultra-long bonds, and the Swedish authorities said that this week they also considered.


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