Economics
The U.S. Treasury Department Is Exploring a 50-Year Bond for the First Time
- Department also considering a one-year SOFR-linked FRN
- Treasury keeps nominal coupon debt at record $84 billion
Photographer: Andrew Harrer/Bloomberg
This article is for subscribers only.
The U.S. Treasury Department expressed continued interest in issuing a 50-year bond, for the first time, as part of efforts to expand its investor base as the budget deficit widens to $1 trillion.
The department said it’s also considering issuance of a 20-year bond and an inaugural floating-rate note with a one-year maturity linked to the Secured Overnight Financing Rate, according to the Treasury’s quarterly refunding statement released Wednesday in Washington.