UK plans 50 year bond. Will U.S. follow suit?
Would you be willing to lend some cash, for say, 50 years? If so, the British government would like to hear from you. Today the UK's finance chief announced plans for a fifty-year bond. These long-term borrowings are fast becoming a must-have accessory for European governments. And with America's budget deficit, you've got to wonder whether the idea might have some appeal on this side of the Atlantic. Marketplace's Stephen Beard reports.
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