U.S. authorities bonds have had a tricky time this yr. After which there’s the 20-year previous bond, which has confronted its personal distinctive issues.
Reintroduced final yr for the primary time since 1986, the 20-year bond was supposed to assist the federal government get the bottom doable long-term borrowing prices. For the previous few weeks, nevertheless, buyers have demanded additional fee to carry the 20-year bond as an alternative of the 30-year, the federal government’s longest-maturity debt.
