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Art Cashin: " The Market Wants Details On Tax Reform"
"The Treasury Secretary said that 50 year and 100 year bonds weren't completely out of [the] question, and that indicates that they are at least thinking they may have to go the deficit route and use those bonds to defray things." (1:20)
A 100-year bond would appear to lend new meaning to the term kicking the can down the road. Anyone buying one would need to have a very long term investment horizon.
Comments
Anyone buying one would need to have a very long term investment horizon.
On the "that ship has sailed" side, Imagine if the rates in the late 70s and 80s could be locked in forever.
Derf