News | 10.31.19
Treasury Exploring New Debt Products, Including 20-Year Bond
The Treasury Department said Wednesday it was considering several possible new debt products, including new bonds with maturities of 20- and 50-years as well as a new floating-rate note linked to the proposed replacement for LIBOR. Should the Treasury add a 50-year security, it would be following other governments, including the United Kingdom, Austria, and Italy, which have broadened their efforts to attract capital by selling ultralong bonds. Offering a 20-year bond would be a reintroduction of a security last issued in March 1986.
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