Treasury Secretary: 50-Year Bond A Serious Contender
September 18, 2019 at 08:00 AM EDT
As more investors pile into safe-haven government debt as a default risk-off maneuver, Treasury Secretary Steve Mnuchin says a 50-year bond offering is under serious consideration. It’s something the Treasury department has been mulling for some time, but Mnuchin confirmed the idea could actually come into fruition.