It could help the federal government deal with the debt mountain it's amassing from COVID-19 spending.
For the first time, the central bank will buy corporate and municipal bonds to keep money flowing.
The Treasury Department last offered a 20-year bond in the 1980s. This spring, it's betting that certain types of investors will want to include them in their portfolios.
If you want to know what's going on in this economy, the bond market is a pretty good place to start.
When you buy 10-year Treasury bonds, you are essentially making a 10-year loan to the government. The returns on those loans are rising every day. There are a couple of reasons for that — and there are a couple of economic messages…