Mnuchin Says Ultra-Long U.S. Bonds Can Absolutely Make Sense
- Treasury raises April-June borrowing estimate by $25 billion
- Infrastructure investment won’t balloon deficit, says Mnuchin
Mnuchin Says Ultra-Long Bonds Could Make Sense
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Treasury Secretary Steven Mnuchin said the first ultra-long bond issuance could “absolutely” make sense to help finance the U.S. government, while indicating he’d be reluctant to swell the federal budget deficit to pay for planned infrastructure investment.
Issuing longer-dated bonds “is something we’re considering at Treasury. We have a working group looking at it,” Mnuchin said in an interview on Bloomberg Television on Monday in Los Angeles. ‘‘We think that it’s something that could absolutely make sense for us at Treasury.”