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A couple of comments from U.S. Tsy Sec Mnuchin...>

US
US: A couple of comments from U.S. Tsy Sec Mnuchin via BBG resonated in the
NY-Asia crossover:
- Firstly he noted that the issuance of ultra-long bonds is under "very serious
consideration. Mnuchin suggested that "if the conditions are right, then I would
anticipate we'll take advantage of long-term borrowing and execute on that," as
he confirmed that officials held a meeting earlier on Wednesday day to review
"the possibility." N.B. The Tsy recently announced that it was is conducting a
broad outreach to refresh its understanding of market appetite re: ultra-long
bonds
- Mnuchin also said that the Trump administration "doesn't intend to intervene
in the dollar market right now, but signalled he'd prefer any future move be
coordinated with the Federal Reserve and global allies." Mnuchin stated that the
Tsy has "no intention of intervention at this time. Situations could change in
the future but right now we are not contemplating an intervention."

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