Brian Chappatta, Columnist

The Time for 50-Year Treasuries May Have Finally Come

Regular and predictable issuance might not matter as much during a pandemic response.

March 19, 2020 at 2:55 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.

Warming to the idea.
Photographer: Simon Dawson/Bloomberg

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In many ways, it seemed almost inevitable that at some point during the U.S. government’s deliberations about providing fiscal stimulus, the topic of ultra-long Treasury bonds would come up.

Bloomberg News’s Saleha Mohsin and Jennifer Jacobs reported Thursday that among the many options to finance a $1.3 trillion fiscal stimulus plan, President Donald Trump’s advisers are considering 50- and 25-year bonds. White House economic adviser Larry Kudlow reportedly likes the idea, and Treasury Secretary Steven Mnuchin has warmed to it after being initially skeptical.