WALL STREET - (07/19/06) The Federal Home Loan Banksystem, one of the few acceptable issuers of credit unioninvestments, launched a new long-term offering last week, 30-yearglobal bonds. The 5.50% bonds, due July 15, 2036, were priced at98.656 to yield 5.593%, or 47 basis points over comparable U.S.Treasuries. The FHLBs sold $1.5 billion of the new bonds.Underwriters said 86% of the issue was sold domestically and therest internationally.
New Investment Option OfferedCUs
July 19, 2006, 1:00 a.m. EDT
1 Min Read
![Fed Chairman Jerome Powell said the central bank had previously concluded that asset-based borrowers were able to secure financing elsewhere. Treasury Secretary Steven Mnuchin said “small hotels do not fit into [the Main Street Lending Program] because they already have other indebtedness.”](https://arizent.brightspotcdn.com/dims4/default/28d67cc/2147483647/strip/true/crop/1598x900+1+0/resize/460x259!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.amazonaws.com%2Fb3%2F79%2F3b1db6264efa9eab86e05b296afc%2Fpowell-jerome-mnuchin-steven-bl-092220.png)