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By Saleha Mohsin | Bloomberg Government
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Asked whether the Treasury would consider issuing a 100-year bond to take advantage of low yields, Yellen noted that the government already sells longer-term debt. While the Treasury could look again at new securities, market professionals think the demand for a 100-year bond “would be very tiny.” It would “probably be a very thin market,” she said.
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The current longest-dated Treasury note is a 30-year security.
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Yellen also said that she hadn’t anticipated an offer by Biden to become Treasury secretary, at a time when she was focusing on research while working at the Brookings Institution.
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Noting the round-the-clock stress of a job like helming the Treasury, the former Federal Reserve chair said, “I was initially hestitant to get back into that.” Biden then made the case on how she could be helpful, Yellen said.
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To contact the reporter on this story: Saleha Mohsin in Washington at [email protected]
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To contact the editors responsible for this story: Scott Lanman at [email protected] Christopher Anstey, Ana Monteiro
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Each year, Family Enterprise USA surveys business owners across the country to learn about their challenges and ensure that their voices are heard on Capitol Hill.
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All survey responses are completely confidential. The 2021 FEUSA Family Business survey takes just a few minutes and it is anonymous.
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Exclusive Offer: For taking the survey today you can enjoy the benefits of Family Enterprise USA membership 50% off the regular price!
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P.S. Please share this with other family business owners – the more responses we get, the better the data and information we bring to the Hill.
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About Policy and Taxation Group Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to fully enjoy the economic liberties and benefits of a robust free market unique to our nation. For over 25 years, we have been the loudest voice in the nation’s capital on eliminating the death tax. This ill-conceived tax has a destructive impact on families, family businesses, job creation, and the national economy.
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