“Even with the current move in rates, it isn’t clear there would be much interest unless we see some more favorable pickup in yield for extending that duration,” said Richard Kelly, head of global strategy at Toronto-Dominion Bank. “You pick up 50 basis points moving out from 10-year to 30-year, but it isn’t clear you’d have anything close to that for taking on more duration and rolling out to 50-year to 100-year.”

This article was provided by Bloomberg News.

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