Yellen faces major hurdles to issue 50-year bond that Mnuchin surpassed – S&P Global

Yellen faces major hurdles to issue 50-year bond that Mnuchin surpassed – S&P Global

There are many reasons the U.S. Treasury hasn’t issued a 50-year bond since 1911. Fixed income strategists point to limited demand, the potential to drain liquidity from other corners of the bond market, an unwanted steepening of the yield curve and a disruption of the long-standing mantra of “stable and predictable” bond issuance From the […]
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