The U.S. Treasury Department is reissuing 20-year treasury bonds and that comes with a good news/bad news scenario for some investors in Door and Kewaunee counties. The Treasury Department announced it would begin offering the bonds as early as May in an effort to help pay the growing $1-trillion budget deficit. The good news is the new bonds would allow the deficit to be repaid with lower interest rates, saving taxpayers money long-term. Tim Treml, President and CEO of the Bank of Luxemburg, however, says 20-year bonds are not for all investors.
The U.S. Treasury last issued 20-year bonds in 1986. More details on the new bonds are expected to be released on February 5th.