https://sputnikglobe.com/20200408/us-to-sell-30-year-bonds-for-coronavirus-relief-efforts---treasury-secretary-1078882987.html
US to Sell 30-Year Bonds for Coronavirus Relief Efforts - Treasury Secretary
US to Sell 30-Year Bonds for Coronavirus Relief Efforts - Treasury Secretary
Sputnik International
WASHINGTON (Sputnik) - The United States will be selling 30-year and 20-year treasuries to raise funds for its novel coronavirus (COVID-19) relief efforts, US... 08.04.2020, Sputnik International
2020-04-08T15:05+0000
2020-04-08T15:05+0000
2022-11-15T08:46+0000
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US to Sell 30-Year Bonds for Coronavirus Relief Efforts - Treasury Secretary
15:05 GMT 08.04.2020 (Updated: 08:46 GMT 15.11.2022) WASHINGTON (Sputnik) - The United States will be selling 30-year and 20-year treasuries to raise funds for its novel coronavirus (COVID-19) relief efforts, US Treasury Secretary Steve Mnuchin in an interview on Wednesday.
"Here's my idea for the 50-year[treasuries]. We're going to be auctioning off 30 years and 20 years by one of each and it's the 50-year that'll give us twice as much money", Mnuchin told CNBC.
Mnuchin said the Trump administration will be raising money "all across the curve" for the COVID-19 response.
"We have tremendous demand for US treasuries. Everybody wants to buy US treasuries. It's the safe haven. So it's being very well received", Mnuchin added.
The US Congress has approved a $2 trillion stimulus package for COVID-19 relief and the Trump administration requested additional $250 billion on Tuesday to help small businesses in the United States.
