Treasury Advisory Panel Suggests ‘Ultra-Long’ Debt
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The committee of bond dealers and investors that advises the U.S. Treasury suggested the government consider adding “ultra-long” bonds of as much as 100 years to tap into investor demand.
The Treasury Borrowing Advisory Committee, known as TBAC, suggested the U.S. investigate additional types of securities that would target banks, pension funds, insurance companies and individual investors. A presentation from one member, offered on behalf of the panel, estimated $2.4 trillion in potential demand from these investors over the next five years.