Treasury’s 20-Year Bond Struggles to Catch On With Investors

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U.S. government bonds have had a tough time this year. And then there’s the 20-year old bond, which has faced its own unique problems.

Reintroduced last year for the first time since 1986, the 20-year bond was intended to help the government get the lowest possible long-term borrowing costs. For the past few weeks, however, investors have demanded extra payment to hold the 20-year bond instead of the 30-year, the government’s longest-maturity debt.