Art Cashin and his financial industry drinking buddies wonder why Treasury isn't taking...

|By:, SA News Editor

Art Cashin and his financial industry drinking buddies wonder why Treasury isn't taking advantage of historically low rates to issue 100 year bonds - giving the country plenty of time to get the debt situation in order. Politics is the answer: yields on such paper would be higher than shorter-dated debt, giving someone, somewhere an issue to run on.