Macro Finance
BNP Warns US Not to Ax 20-Year Bond, Noting Risk of Higher Yield
Bloomberg Markets·October 6, 2026·1 min read
Treasury Secretary Scott Bessent should resist calls to ax the 20-year bond, as doing so could send borrowing costs higher, according to BNP Paribas SA. The bank's warning comes amid ongoing debate over the US debt structure, with some arguing the 20-year tenor is redundant and others saying it provides needed flexibility.
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