Federal Reserve Bank of New York
Beyond thirty: Treasury issuance of long-term bonds from 1953 to 1965
Ever since the emergence of regular and predictable issuance of coupon-bearing Treasury debt in the 1970s, thirty years has marked the outer boundary of Treasury bond maturities. However, longer-term bonds were not unknown in earlier years. Seven such bonds, including one with a forty-year term, were issued between 1955 and 1963. This paper examines the circumstances that led to the issuance of these seven bonds.
Cite this item
Kenneth D. Garbade, Beyond thirty: Treasury issuance of long-term bonds from 1953 to 1965, Federal Reserve Bank of New York, Staff Reports 806, 01 Jan 2017.
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- N22 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: 1913-
Keywords: Treasury debt management; long-term bonds; U.S. Treasury
This item with handle RePEc:fip:fednsr:806
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