Panel Floats Idea of U.S. 'Century' Bonds

[PoliticAverse]

From: The Wall Street Journal

Wall Street is pushing the U.S. government to lock in low interest rates for the next few decades by issuing ultralong bonds that would mature in 40, 50 or even 100 years.

It is an idea the government is considering, according to minutes of a meeting this week between Treasury Department officials and a private debt-advisory panel that includes executives from major Wall Street firms such as Goldman Sachs Group Inc. and J.P. Morgan Chase & Co.

http://online.wsj.com/article/SB10001424052748704775604576120304050429200.html

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