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| John Snow |
Treasury Secretary John Snow brushed off questions over whether the Treasury is considering bringing back the 30-year bond, which fixed-income investors are clamoring for amid the low-yield environment. "Our current position is well known and your position is well known," Snow said to industry professionals during his lunchtime address. Later on in the day, he added the Treasury would "never say never," but noted it currently does not see the need to bring back the 30-year.
Snow referred to recent sales of longer-dated paper, such as the 20-year TIPS auction, as sufficient to meet investor demand.
