Treasury brings back the 20-year bond to pay for the ballooning deficit

The Treasury Department is issuing a 20-year bond for the first time in 34 years to help pay for the ballooning $1 trillion dollar budget deficit.

Source: Treasury brings back the 20-year bond to pay for the ballooning deficit

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​We talked about the bond bubble.  Here’s a wild card in the equation.  I think it’s a bad sign.  IMHO the only reason to issue a 20 year is the 10, 30,​ and 50 are not selling. Or not selling at rates they find acceptable (i.e., too high).  If I am right, then you’ll see a consumer price increase as well as a drop in the overall value of bonds.  That will translate to higher interest rates on mortgages, cars, and credit cards.  We’ll see.
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