12:18 GMT15 July 2020
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    WASHINGTON (Sputnik) - The United States will be selling 30-year and 20-year treasuries to raise funds for its novel coronavirus (COVID-19) relief efforts, US Treasury Secretary Steve Mnuchin in an interview on Wednesday.

    "Here's my idea for the 50-year[treasuries]. We're going to be auctioning off 30 years and 20 years by one of each and it's the 50-year that'll give us twice as much money", Mnuchin told CNBC.

    Mnuchin said the Trump administration will be raising money "all across the curve" for the COVID-19 response.

    "We have tremendous demand for US treasuries. Everybody wants to buy US treasuries. It's the safe haven. So it's being very well received", Mnuchin added.

    The US Congress has approved a $2 trillion stimulus package for COVID-19 relief and the Trump administration requested additional $250 billion on Tuesday to help small businesses in the United States.

    Tags:
    coronavirus, COVID-19, bonds, US
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