FILE PHOTO: U.S. Secretary of the Treasury Steven Mnuchin arrives for a news conference at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, July 22, 2018. REUTERS/Marcos BrindicciREUTERS/ /File Photo
August 28, 2018
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Tuesday said he was not concerned the gap between short-term and long-term borrowing costs, or yield curve, adding that his remarks were not a comment on the U.S. Federal Reserve Bank or its actions.
“I, for one, am not at all concerned about the yield curve,” Mnuchin told CNBC in an interview. “For now, having a flat yield curve with us issuing long-term debt is something we’re perfectly content with.”
(Reporting by Susan Heavey)
