Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/175214
Authors: 
Garbade, Kenneth D.
Year of Publication: 
2017
Series/Report no.: 
Staff Report No. 806
Abstract: 
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.
Subjects: 
Treasury debt management
long-term bonds
U.S. Treasury
JEL: 
H63
N22
Document Type: 
Working Paper

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