WMT - Wall Street Breakfast: Deficit And Give Me Twenty
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Last issued in 1986, the Treasury is bringing back the 20-year bond, which will debut in a $20B auction later this afternoon. "That gives us the ability to extend the duration to raise a significant amount of funds... and lock in a significant amount of very low interest rates," Treasury Secretary Steven Mnuchin said during Congressional testimony on Tuesday. The government's borrowing needs have jumped dramatically in recent