The U.S. could be issuing 50-year bonds as soon as next year as the government looks for cheaper and longer-term ways to finance its burgeoning debt load, Treasury Secretary Steven Mnuchin told CNBC on Thursday.
"This is something I have talked about over the last year and it is something we are very seriously considering," he said on "Squawk Box." "We're looking at issuing a 50-year bond, what we could call an ultra-long bond. We think there is some demand for that. It is something we'd very seriously consider for next year."
Mnunchin's comments come a day after President Donald Trump tweeted that he thinks the U.S. should look at "refinancing" is debt load, which has recently eclipsed the $22.5 trillion mark.
Clown , anything to try to stop the inversion but there will be no takers unless they start buy there own bonds
Yea if your under 20 years old
“Boomer legacies keep rolling in fast. Global warming and debt are as Boomer as Jagger. And all three are kind of like the clapp. They don’t just go away.” - ToferH
Bond . Long Bond
That 50 year bond would be worth a fly covered turd by the time inflation gets done with it.
Because they're going to burn the world for the next 49 years.
Especially at negative rates as per grifter-in-Chief realDonaldTrump...
My class would have fun looking at the interest rate risk of that one.
ask him when the next lego movie is coming out
Soon he will print $500 bills as well.
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