U.S. TO REISSUE 30-YEAR BOND IN Q1 2006: The Bush administration said that it would resurrect the 30-year Treasury bond, a move that it said would help to finance the national debt and, at that same time, appeal to conservative investors looking for long-term options.
The Treasury Department said that the first auction of the 30-year bond will take place in the first quarter of 2006, with auctions held twice a year. Treasury Secretary John Snow said, "The decision is based on our commitment to prudent debt management and our desire to maintain a cost-effective and diversified portfolio." The Treasury discontinued selling new 30-year bonds in 2001.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access