'We're looking at issuing a 50-year bond, what we would call an ultra-long bond, we think there's some demand for it,' Treasury Secretary Steven Mnuchin said.
The U.S. could be issuing 50-year bonds as soon as next year as the government looks for cheaper and longer-term ways to finance its burgeoning debt load, Treasury Secretary Steven Mnuchin told CNBC on Thursday.
"This is something I have talked about over the last year and it is something we are very seriously considering," he said on "Squawk Box." "We're looking at issuing a 50-year bond, what we could call an ultra-long bond. We think there is some demand for that. It is something we'd very seriously consider for next year."
Mnunchin's comments come a day after President Donald Trump tweeted that he thinks the U.S. should look at "refinancing" is debt load, which has recently eclipsed the $22.5 trillion mark.
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