U.S. Treasury Says 'internal Review' Of Ultralong Bonds Underway

The Treasury Department said Wednesday it is conducting an "internal review" of the possibility of issuing ultralong bonds with maturities greater than 30-years. In a statement, the department said it was meeting with "a broad variety of market participants" to assess the costs and benefits of the bonds with 50-year and 100-year maturities. Following the review, Treasury said it will provide an update on the potential for ultra-long issuance, but did not provide a specific timetable. Treasury Secretary Steve Mnuchin said earlier this week that ultralong bonds "could absolutely make sense."