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So Much For ‘Regular And Predictable’: What Treasury’s 50-, 100-Year Bond Outreach Means

A "bias to proceed".

A "bias to proceed".
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2 comments on “So Much For ‘Regular And Predictable’: What Treasury’s 50-, 100-Year Bond Outreach Means

  1. Anonymous

    Or fund the unfunded tax cuts of 18, those conservative spending bills, additional tax cuts since this is the greatest economy ever, and those several trillion dollars deficits when the next recession hits. So many things, so many issuances………….,,,…,;,…

  2. Ben There

    financing gap faced by Treasury in coming years is likely to be too large to address with a heavy concentration of front-end issuance. Such a policy would also imply an undesirable decline in the WAM (weighted average maturity) in response to Fed run-off and higher deficits.

    The Committee discussion highlighted that it is simply not a viable strategy to accommodate the magnitude of the potential additional issuance using only front-end instruments. The Fed run-off and potentially higher deficits represent meaningful challenges that would require a sustained shift in borrowing needs to be spread across the curve.

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