Gyroscopic Investing

"* 30-year Treasury constant maturity series was discontinued on February 18, 2002 and reintroduced on February 9, 2006. From February 18, 2002 to February 8, 2006, Treasury published alternatives to a 30-year rate. See Long-Term Average Rate for more information."

Why did the Treasury discontinue the 30 year bond in the past? Would they do it again? This does not seem like a good time to do this as the gov't could lock in a very low rate for 30 years...

Also, how did PPers treat bonds that came to the 20 year mark?

We were heading for a government budget surplus and didn't need to do any long-term borrowing

I'm just shooting from the hip here but I guess I'd hold 15-20 year bonds. 

murphy_p_t wrote: Also, how did PPers treat bonds that came to the 20 year mark?

A couple of strategies have been suggested in the past.

1.  Just buy the longest dated Treasuries available.

2.  Scrap the 25% cash and the 25% LTT components and replace them with 50% 10 year Treasury bonds (the downside to this that your emergency "cash" is now more subject to interest rate risk). 

3.  Could also consider zeroes.