Reported 2 months ago
Former Treasury Secretary Steven Mnuchin argues that the 20-year Treasury bond, which he helped reintroduce in 2020, should be discontinued due to its high costs to taxpayers. The bond currently results in approximately $2 billion annually in additional interest expenses compared to surrounding maturities, raising concerns about its viability and the management of the U.S. deficit. Despite some experts recommending its retention for flexibility, Mnuchin's view signals a clear criticism of the bond's effectiveness in the current financial landscape.
Source: YAHOO