U.S. Treasury Secretary Mnuchin: Everybody wants to buy U.S. Treasurys: It’s the safe haven

Market news

8 April 2020

U.S. Treasury Secretary Mnuchin: Everybody wants to buy U.S. Treasurys: It’s the safe haven

There is tremendous demand for U.S. Treasuries
There is no plan for 50-year bond
We will be selling 20-year and 30-year Treasury bonds
We will borrow across the curve for coronavirus
We hope to tell small businesses we won't run out of money
Actively working on Main Street lending facility with Fed, hope to have announcement this week
Economy opening will be based on medical conditions

Director of the U.S. National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci says that beginning of virus turnaround should occur after this week

U.S. Stocks open: Dow +1.01%, Nasdaq +1.16%, S&P +0.98%

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