Knapp Says 50-Year Bond Was a 'Bit of a Red Herring'

The transcript discusses the potential issuance of 50 and 100-year bonds by the Treasury, highlighting concerns about market demand and the impact on taxpayers. It explores the Federal Reserve's influence on market dynamics, particularly regarding duration and volatility. The discussion also touches on the potential economic benefits of infrastructure spending, considering political challenges and the need to raise aggregate demand.

What are the implications of issuing 50 or 100-year bonds according to the discussion?

How does the demand for positive yielding bonds affect the Treasury's ability to issue long-term bonds?

Discuss the relationship between the Federal Reserve's actions and interest rate volatility as mentioned in the text.

What role does infrastructure spending play in the context of long-term bond issuance?

What challenges are mentioned regarding the political feasibility of a large infrastructure project?