<pre><pre>The US Treasury announces that sales of new 20-year bonds will begin

WASHINGTON (AP) – The U.S. Treasury Department, which faces over $ 1 trillion in deficits a year, is launching a new 20-year bond.

The new 20-year bond was selected after officials considered proposals for a 50-year or 100-year bond, the Treasury announced in a statement on Thursday. The new 20-year bond is to be made available to investors in the first half of 2020. Further details are expected at the Treasury's quarterly financial press conference on February 5.

"We strive to fund the government with the lowest possible taxpayer cost, and we will continue to examine other potential products to meet this need," Treasury Secretary Steven Mnuchin said in a statement.

The statement said the Treasury had received feedback from a large number of market participants about potential new bonds. Based on this information, it was expected that 20-year bonds would be in high demand among investors.

The government is currently selling 10-year banknotes

TMUBMUSD10Y, + 0.72%

and 30-year government bonds

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The Congressional Budget Office assumes that the deficit that has increased during the Trump administration will exceed $ 1 trillion in the current fiscal year and will remain above $ 1 trillion in the next ten years.