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Treasury brings back the 20-year bond to pay for the ballooning deficit

johnNjohnN
in The Bullpen
https://www.cnbc.com/2020/01/17/treasury-brings-back-the-20-year-bond-to-pay-for-the-ballooning-deficit.html

Treasury brings back the 20-year bond to pay for the ballooning deficit

The U.S. Treasury, facing a trillion dollar deficit, is bringing back the 20-year bond, it last issued in 1986.
The market was surprised by the Treasury’s late day announcement Thursday, and on Friday, yields at the long end, on the 10-year note and 30-year bond, rose as investors bet the new issue will help drive interest rates higher at that part of the yield curve.
Strategist speculated the Treasury may eliminate some 10- and 30-year issuance to make way for the new bond, which Treasury opted for over even longer duration 50-year bonds.


Treasury and feds keep filling the koolaid _party never ends
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