(Reuters) – Treasury Secretary Janet Yellen said at a House of Representatives Financial Services Committee on Tuesday that there are no current plans to lengthen the maturity of U.S. Treasuries.
In answer to a question from Rep Andy Barr from Kentucky, asking whether the Fed or Treasury intend to lengthen the maturity of Treasury debt before interest rates rise, Yellen said: “Treasury has been looking at this question and has no current plans to do that.”
The U.S. Treasury said https://home.treasury.gov/news/press-releases/jy0016 in February it plans to borrow $274 billion in the first quarter, significantly lower than the November estimate of $1.127 trillion.
(Reporting by Kate Duguid; editing by Megan Davies)
