Mnuchin Sees Limited Demand for Ultra-Long U.S. Treasury Bonds
The U.S. Treasury building is shown in Washington, D.C.
Photographer: Joshua Roberts/BloombergThis article is for subscribers only.
Treasury Secretary Steven Mnuchin put to rest for now the idea bubbling in the $14.2 trillion Treasuries market that the government might introduce ultra-long term debt sales.
“We’ve done a bunch of research and reached out and at least as of now, we don’t see a lot of demand for it,” Mnuchin said in an interview with Bloomberg News during a trip to the Middle East. He added that he initially thought the “concept of ultra-long bonds made sense for us to explore.”