Mnuchin: US considering to issue 50-year bond next year

The US Treasury Secretary Steven Mnuchin said the Government is “seriously considering” issuing a 50-year bond next year. He said in the CNBC interview that the Government is looking for cheaper and longer-term ways to finance its debt.

-This is something I have talked about over the last two years, it is something we are very seriously considering. We think there is some demand for it, he said.

For US the longest bond duration now is 30 years and this new 50-year bond would be called ultra bonds.

Regarding the bond demand in the financial markets, the European Central Bank announced today that they will start their asset purchase programme again in November. This means that the ECB will be buying 20 billion euros worth of bonds every month.

 

Business Finance

US to tighten terror sanctions in the financial markets

The US is tightening terror sanctions in the financial markets. According to the Treasury Secretary Steven Mnuchin and the Secretary of State Mike Pompeo, the Trump Administration is tightening terror sanctions in the financial markets.

– The US is continuing to protect the US and the people from terrorist attacks. The Government has taken new actions related to terrorist organizations, regarding individuals and entities, in the financial markets, the Treasury Secretary Steven Mnuchin said today in the White House press conference.

The press conference was arranged due to the changes in the White House national security. According to the tweet by President Donald Trump he will name the new National Security Advisor next week while John Bolton resigned today.

 

 

 

 

Business Finance Tech

Mnuchin: Hard-Brexit a realistic outcome

The US Treasury Secretary Steve Mnuchin told yesterday  that the US financial institutions need to be prepared for a hard Brexit as a very realistic outcome. He also commented that if this is the case it would mean global disruptions.

– We need to be prepared for a hard Brexit as a very realistic outcome, he said during the hearing before the House Financial Services Committee. According to Bloomberg, the US has encouraged the parties to find a suitable solution.

 

Business Finance