On Wednesday, the US Treasury announced the possibility to reinstate the 30-year bond. The New York-based Bond Market Association said it would lobby the decision.

The Bond Market Association will lobby the reinstating of the 30-year bond, the industry body said. “We felt four years ago it was unfortunate they cancelled the 30-year bond – and we feel even more strongly. You can be very sure that we will be submitting our views in the coming weeks,» according to the BMA head Micah Green.
The main reason for lobbying the decision is naturally connected with the commerce as many banks are bracing themselves for a downturn in fixed income business in 2005.

The move evoked a switch in the price of long-term US government bonds which could spread to other instruments, including corporate bonds.