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MNI BRIEF: Yellen Says Open to Exploring 50-Year Bond Issuance

WASHINGTON (MNI)

U.S. Treasury Secretary Nominee Janet Yellen said Tuesday she would be open to considering issuing a 50-year bond, a proposal that was explored and rejected under the current administration.

"I would be pleased to take a look at this issue (of) what the market would be like for bonds of that maturity," Yellen said in testimony at a Senate confirmation hearing.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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