"Treasury is re-introducing regular semi-annual auctions of the 30-year nominal security beginning with a bond that will mature on February 15, 2036." Treasury Press Release
From the Seattle Times:
"It is good because it will help the U.S. government finance its huge deficit and debt at longer terms, even as the baby boom prepares to retire. It is good because it would offer investors, such as big pension funds and insurance companies in particular, a safe, longer-run option in which to park their large portfolios.
It is bad because it means that there is much a bigger deficit, and debt, to finance even as the baby boom prepares to retire."