Brian Chappatta, Columnist

First 20-Year Treasury Auction Validates Mnuchin’s Patience

The sale was solid, if unspectacular, which is just fine for financing the U.S. government.

May 20, 2020 at 6:19 PM UTC

Brian Chappatta is managing editor of Bloomberg News' leveraged finance and distressed debt teams. He was previously managing editor and team leader of its wealth group. Before that he was a Bloomberg Opinion markets and finance columnist and a bonds reporter for Bloomberg News.

Just what the Treasury Secretary ordered.
Photographer: Kevin Dietsch/UPI/Bloomberg

Provide news feedback or report an error

Site feedback:

Take our Survey

This article is for subscribers only.

A 20-year U.S. Treasury bond isn’t a curiosity anymore.

The federal government’s first 20-year bond auction since 1986 is in the books, and it was a solid, if unspectacular, debut for the maturity. That should be music to Treasury Secretary Steven Mnuchin’s ears.