Maybe the 50-year bond isn’t so dead.
The conventional wisdom is that so-called “forever bonds,” or US Treasuries with a maturity of 50 years or more, isn’t something that Team Trump is considering for lots of reasons.
The main one being that the notion of selling such long-term debt could make it less appealing for investors to buy more conventional treasuries such as 10- and 30-year bonds pegged to consumer rates like mortgages — which would shoot up interest rates for average Americans.
Ever since dismissing the forever bond in this column a few weeks ago, I’ve been hearing the other side of the story.
Lots of talk along the DC-Wall Street corridor centered on the possibility that the…
