TITLE

A (Very) Long Bond

AUTHOR(S)
Sloan, Allan
PUB. DATE
March 2006
SOURCE
Newsweek;3/20/2006, Vol. 147 Issue 12, pE28
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the U.S. Treasury Department has reinstated 30-year bonds. Buyers bought $14 billion in bonds even though their interest rate is only 4.5%, considerably lower than other long term investor's funds. The article examines the reasons behind the Treasury's decision to issue 30-year bonds, although their yield is lower than that for 10-year notes. The author wonders why the Treasury is not selling 50-year bonds, given the fact that there is a market of long term buyers right now. He points out that analysts believe this is a good time for the government to sell 50-year bonds.
ACCESSION #
20049283

 

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