Investment - Articles - BlackRock: budget comment

 “We think it unlikely that perpetual bonds or those with a maturity of more than 50 years will come to the market. Few investors want an ultra-long bond and fewer still want a never-ending bond. The market has responded with a collective groan to the idea. If the government wants to exploit cheap funding at current yields, it would be better off focusing on existing conventional and inflation-linked bonds with maturities up to 50 years which are particularly attractive to pension schemes.”