MW: Treasury seriously studying issuing 50-year or 100-year bonds: Mnuchin
Treasury Secretary Steven Mnuchin said Thursday he has asked his staff to explore having the U.S. government consider issuing debt maturities as long as 50 years or 100 years.
In an interview on CNBC, Mnuchin said he was not ready to make a â€śformal announcement ... of a 50-year or a 100-year bond,â€ť but added, â€śIâ€™ve already begun to talk to the staff about looking at that.â€ť
â€śI think it is something that is a very serious issue of whether we should explore, whether we can raise 50 or 100 year money at a very slight premium is something that makes sense for Treasury to look at,â€ť he said.
At the moment, Treasury does not issue debt maturing in more than 30 years.
Other countries including Canada and France have issued debt maturing in as long as 100 years.