Mnuchin's Ultra-Long Bond Chatter Sends Treasuries Curve Steeper
- Five- and 30-year bond yield spreads widen after interview
- Experts have cast doubt on the likelihood of such an issuance
How Steven Mnuchin Got the Treasury Job
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U.S. Treasury Secretary Steven Mnuchin and his idea of issuing 50- or 100-year Treasuries are making waves again in the world’s biggest bond market.
Issuing ultra-long Treasury bonds is something “we should seriously look at” with interest rates likely to stay low for a long period, Mnuchin, who was recently confirmed, said during an interview on CNBC. He said while he instructed staff to begin researching the option, he wasn’t ready to announce anything concrete.