Treasury seeks to lengthen due date on debt

10/26/2009 | Bloomberg

The Treasury plans to change the average due date of its outstanding debt to 72 months from 49 months, according to this article. The Treasury would then try to increase sales of 10- and 30-year bonds by 40% over the next year. The object would be to take advantage of low interest rates this year, analysts said. "The Treasury will want a longer debt duration before interest rates rise. We have to deal with sales, sales, sales. The huge issuance will make Treasury yields go higher," said Tsutomu Komiya, an investment manager in Tokyo at Daiwa Asset Management.

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