Mnuchin Says Ultra-Long Bond Program Wouldn't Be a One-Off
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U.S. Treasury Secretary Steven Mnuchin talks about protecting national security in allowing foreign investments in the United States and offers his definition of a 'dependable' U.S. dollar. He speaks with Bloomberg's David Gura from the SelectUSA summit on 'Bloomberg Daybreak: Americas.' (Source: Bloomberg)
Treasury Secretary Steven Mnuchin said the U.S. government only intends to introduce ultra-long bonds if there’s an audience for regular issuances of the debt.
“We’re reaching out to the borrowing community and investors to see what the demand is,” Mnuchin said in an interview on Bloomberg Television at an investment conference near Washington on Tuesday. “What we don’t want to do is to create a program that is a completely one-off program. We want to see if it would be an important part of our borrowing capabilities.