Mises Wire

Treasury recalls 30 year bonds

Treasury recalls 30 year bonds

The U.S. Treasury is recalling some 30 year bonds, five years prior to their maturity. This provides them with a $500+ million dollar saving, but what happens to bond holders? It seems that the “bellweather” bond—an indicator of good and bad policy—is disappearing quicker than first thought. Has the Treasury ever made such a recall in the past?

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