Budget: Government to issue 50-year bonds

"From May we will issue long-term bonds with periods of up to 50 years....locking in lower borrowing costs and benefitting tax payers and investors," says Brown. Investment analysts had predicted the Treasury was looking to hold a bond auction in May following the successful auction by France and which saw high demand for the bonds. It is anticipated they might then be used by pension funds to help secure their long-term liabilities, as the longest-dated bond until now has been 34 years. IFAonline