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treas.gov - 2/4/2009
TBAC Meeting Minutes
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February 4, 2009 TG-11 Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association February 3, 2009 The Committee convened in closed session at the Hay-Adams Hotel at 11:25 a.m. All Committee members were present except ...
treas.gov - 2/4/2009
TBAC Report
— treas.gov — February 4, 2009 TG-10 Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee... of the Securities Industry and Financial Markets Association February 4, 2009 Dear Mr. Secretary: Since the Committee last convened in ... (more) TBAC Report

Comments vote down Alea found this 2/4/2009found this
aleablog.com - 2/4/2009
TBAC Discussed Super-Long (50-year) Maturity Issue
— aleablog.com — Other snippets: The average maturity of the debt has already fallen from a range of 60 to... 70 months which existed from the mid 1980’s until 2002 to a level of 48 months more recently. The net supply of Treasurys in 2009 and 2010 combined ... (more) TBAC Discussed Super-Long (50-year) Maturity Issue

Comments vote down FT Alphaville found this 2/4/2009found this
economist.com - 2/10/2009
American Treasury bonds: Too much of a good thing
— economist.com — A wave of new borrowing threatens a port in a storm IN THE trouble-tossed world of finance,... the one safe place during the credit crisis has been America’s vast and liquid Treasury-bond market. No longer. Since touching a record low of 2.04% in ... (more) American Treasury bonds: Too much of a good thing

Comments vote down Short-Term Trading found this 2/10/2009found this

Blog Reactions

Alea:  TBAC Discussed Super-Long (50-year) Maturity Issue

FT Alphaville:  Super Treasuries!

Comments
Blog Reactions

TBAC Discussed Super-Long (50-year) Maturity Issue
Alea — ... more recently. The net supply of Treasurys in 2009 and 2010 combined seems likely to total more than $3 trillion and could climb as high as $4 trillion. Treasury explicitly lowered the minimum denomination on marketable Treasuries to $100 from $1000 to broaden the scope of potential investors, but also noted that savings bonds investments have declined for the past 20 consecutive quarters. TBAC Report TBAC Minutes Email this post

Super Treasuries!
FT Alphaville — Spotted by Alea , the below is from the minutes of the latest released report of the (US) Treasury Borrowing Advisory Committee:…members discussed the potential to issue other securities if needed including a reintroduction of a 4-year note, a 20-year bond, and/or longer-dated debt… Which as Alea notes, would be a fifty year bond. A notion which certainly has its attractive side in surmounting some of the problems the TBAC highlighted they will face with the forthcoming super-glut of Treasury issuance. Among those problems:… risk appetite by the market, ...

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