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

WASHINGTON – 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."

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