U.S. Treasury refunding – 50 year bond possible
The Treasury Department announced another record quarterly refunding today. This surge in supply has forced some notable changes to the auction schedule. The Treasury will revive the 7-year note on a monthly basis. In addition, the Treasury will auction more 30-year bonds on a quarterly basis.
Other ideas being considered for the future are introducing a 4-year note, a 20-year bond, and possibly an ultra-long maturity 50-year bond.