In a rare convergence of interests of issuer and investors, there is a great window of opportunity for the US to finally extend the Treasury yield curve all the way to a century. The US has relatively little fiscal policy leeway, given mounting Federal debt. However, strong global appetite for duration risk allows the superpower issuer of 'risk free' debt to tap the markets with up to 100-year bonds.
There is strong investor demand for ultrahigh duration debt of countries with solid balance sheets. While US Federal fiscal burden is reaching worrisome levels, the dollar's