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U.S. unlikely to issue ultra long bond - Goldman Sachs
April 21, 2017 / 3:19 PM / 8 months ago

U.S. unlikely to issue ultra long bond - Goldman Sachs

NEW YORK, April 21 (Reuters) - The U.S. government will refrain from rolling out an ultra long government bond issue partly on likely skeptical feedback from Wall Street about investors demand for it, a Goldman Sachs economist said on Friday.

Introduction of such ultra long-dated Treasuries would also go against the Treasury Department’s long-standing principle of regular and predictable issuance, while the White House’s interest to sell government bonds with maturities beyond 30 years seems linked to funding a large infrastructure program “that we think is unlikely to materialize,” Goldman Sachs senior economist David Mericle wrote in a research note. (Reporting by Richard Leong)

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