U.S. Treasury To Bring Back The 30-Year Bond

The U.S. Treasury announced a return to selling 30-year Treasury bonds, beginning on Thursday when it will bring $14 billion of the long bonds to auction. Demand for the notes appears to be strong, with pension plans leading the search for long-term debt. The Treasury retired the long bond in 2001, favoring shorter-term debt in an effort to save borrowing costs amid consecutive federal budget surpluses. With that black ink very much a thing of the past, the government is bringing back the 30-year bond to help fund a 2006 federal budget deficit currently forecasted to total some $400 billion.

U.S. Treasury To Bring Back The 30-Year Bond
Source: Financial-Planning.com