Category: Mnuchin
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Steve Mnuchin calls for a culling of the 20-year Treasury bond he reintroduced
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It only takes a quick glance at the US bond curve to realize that something is wrong. One US Treasury bond – the 20-year note – is out of step with the rest of the market. It is hovering at yields much higher than those of the bonds around it…
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Mnuchin says it’s time to kill the 20-year Treasury bond
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We haven’t heard much about Steve Mnuchin since the Trump administration ended, but the former Treasury Secretary and Hollywood financier is in the news today. He says the US should ditch the 20-year bonds he introduced. A look at today’s yield curve shows why: 10 years 3.95% 20 years 4.33%…