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What Would It Cost to Issue 50-year Treasury Bonds?

Author

Listed:
  • Jens H. E. Christensen
  • Jose A. Lopez
  • Paul Mussche

Abstract

The longest-term U.S. Treasury bonds that investors can buy mature in 30 years. Some other countries offer up to 50-year government bonds. Examining these foreign bond markets and extrapolating U.S. Treasury yields to evaluate such longer-term options suggests that the extra costs of introducing 50-year bonds relative to conventional 30-year bonds are likely to be small on average. Because the U.S. fiscal deficit remains substantial, such longer-term debt instruments could provide an attractive opportunity to finance the growing debt in a sustainable way.

Suggested Citation

  • Jens H. E. Christensen & Jose A. Lopez & Paul Mussche, 2021. "What Would It Cost to Issue 50-year Treasury Bonds?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2021(29), pages 1-05, November.
    • Handle: RePEc:fip:fedfel:93332
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    Keywords

    United States treasury bonds; federal debt;

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