ANL 19.64 Increased By ▲ 1.41 (7.73%)
ASC 14.55 Increased By ▲ 0.78 (5.66%)
ASL 22.10 Decreased By ▼ -0.15 (-0.67%)
BOP 8.28 Increased By ▲ 0.22 (2.73%)
BYCO 7.79 Increased By ▲ 0.73 (10.34%)
FCCL 17.71 Increased By ▲ 0.30 (1.72%)
FFBL 22.26 Increased By ▲ 0.01 (0.04%)
FFL 15.89 Increased By ▲ 0.59 (3.86%)
FNEL 7.25 No Change ▼ 0.00 (0%)
GGGL 17.46 Increased By ▲ 1.22 (7.51%)
GGL 40.40 Increased By ▲ 2.80 (7.45%)
HUMNL 6.35 Increased By ▲ 0.42 (7.08%)
JSCL 18.48 Increased By ▲ 0.58 (3.24%)
KAPCO 35.15 Decreased By ▼ -0.07 (-0.2%)
KEL 3.42 Increased By ▲ 0.14 (4.27%)
MDTL 2.60 Increased By ▲ 0.28 (12.07%)
MLCF 34.90 Increased By ▲ 0.46 (1.34%)
NETSOL 120.99 Increased By ▲ 8.39 (7.45%)
PACE 5.00 Increased By ▲ 0.38 (8.23%)
PAEL 29.30 Increased By ▲ 1.50 (5.4%)
PIBTL 8.90 Increased By ▲ 0.20 (2.3%)
POWER 7.20 Increased By ▲ 0.05 (0.7%)
PRL 17.09 Increased By ▲ 0.99 (6.15%)
PTC 9.85 Increased By ▲ 0.40 (4.23%)
SILK 1.52 Increased By ▲ 0.04 (2.7%)
SNGP 47.25 Increased By ▲ 1.70 (3.73%)
TELE 17.38 Increased By ▲ 1.21 (7.48%)
TRG 167.90 Increased By ▲ 8.42 (5.28%)
UNITY 33.11 Increased By ▲ 1.91 (6.12%)
WTL 2.93 Increased By ▲ 0.17 (6.16%)
BR100 4,744 Increased By ▲ 67.03 (1.43%)
BR30 22,971 Increased By ▲ 921.41 (4.18%)
KSE100 45,275 Increased By ▲ 457.17 (1.02%)
KSE30 17,837 Increased By ▲ 195.07 (1.11%)

Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,638
4124hr
Pakistan Cases
1,241,825
1,40024hr
3.17% positivity
Sindh
456,343
Punjab
429,655
Balochistan
32,875
Islamabad
105,217
KPK
173,353

WASHINGTON: Treasury Secretary Steven Mnuchin said on Wednesday the possibility of issuing ultra-long US bonds is "under very serious consideration" by the Trump administration, Bloomberg News reported.

"If the conditions are right, then I would anticipate we'll take advantage of long-term borrowing and execute on that," Mnuchin told Bloomberg in an interview.

Mnuchin said his renewed interest in 50- or 100-year bonds was unrelated to the drop in yields on shorter-term US debt,  Bloomberg reported.

Currently, the 30-year bond is the longest-dated US Treasury bond.

Earlier this month, the Treasury Department asked for feedback from market participants about the possibility of selling ultra-long bonds. The department posed a similar inquiry in 2017.

US Treasury debt yields fell on Wednesday, with 30-year yields setting all-time lows, as fears about a recession and US-China trade tensions stoked unrelenting demand for low-risk government debt.

Inversion is spreading across the US yield curve, where short-dated yields are running above long-dated ones, which has also unsettled investors as yield curve inversion often precedes a recession.

Copyright Reuters, 2019

Comments

Comments are closed.