Twenty-year Treasury bond will add to $25 trillion U.S. debt pile. Here’s a quick look at how much debt the U.S. has issued over the last few years and who has been buying:
NEW YORK - Investors expect robust demand for the Treasury Department’s new $20 billion issue of 20-year bonds, set to launch Wednesday, from U.S. institutions, foreign investors and other market participants.
Here’s a quick look at how much debt the U.S. has issued over the last few years and who has been buying:The government’s borrowing needs have jumped dramatically in recent weeks, after Congress authorized trillions in spending to fend off an economic hit from the coronavirus pandemic, which has slammed U.S. growth. The U.S. plans to sell a total of $54 billion of the 20-year bonds over the next three months.
The Treasury said earlier this month it intends to increase auction sizes across all nominal coupon tenors over the May-to-July period, with the increases larger in the 7-year, 10-year, 20-year and 30-year categories. The largest increase will be on the 10-year note. U.S. national debt now stands at more than $25 trillion, up 15% since a year ago, according to U.S. Treasury Department data.
Traditionally, dealers and brokers, investment funds and foreign investors account for the purchase of most of the longer-dated bonds auctioned by the U.S. Treasury, according to a Reuters analysis of SIFMA data.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Twenty NFL rookies who could make instant impacts in 2020 seasonMaking the transition from college to NFL standout can be difficult, but these players have the talent and opportunity to make waves right away.
Read more »
The government is bringing back a bond from the 1980s to help pay off a record deficitThe Treasury is bringing back a 20-year bond Wednesday for the first time in 34 years, as part of a plan to extend the duration of its debt.
Read more »
Investors seen queuing up for new U.S. 20-year bonds, backstopped by FedInvestors are likely to snap up 20-year bonds when the U.S. Treasury sells them on Wednesday for the first time in more than three decades, pulling out all the financing stops to mitigate the economic havoc from the coronavirus pandemic.
Read more »
5 takeaways from the first Senate hearing on the coronavirus relief billTreasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell were front-and-center at the first Senate hearing on how the $2.2 trillion coronavirus rescue package is being implemented. Here are five takeaways.
Read more »
Mnuchin to face grilling about small-business lending effortLawmakers from both parties have criticized the Payroll Protection Program, which initially provided $349 billion in forgivable loans to small companies but has been plagued by a host of problems.
Read more »