Bessent Unleashes Treasury Buyback Overhaul In Major Step To Yield Curve Control, Doubles Down On Bill Dominance - Nemos News Network

Bessent Unleashes Treasury Buyback Overhaul In Major Step To Yield Curve Control, Doubles Down On Bill Dominance - Nemos News Network

In today’s closely watched Quarterly Refunding Announcement on debt issuance – which to many was more important than the FOMC statement – the Treasury Department said at 8:30am ET that that it anticipates keeping the size of its note and bond auctions unchanged “for at least the next several quarters.” And since that was the same guidance the Treasury has given since the start of last year, it leaves bills, which were the fulcrum security of Jan…

Recklessly Ballooning U.S. Government Debt Spikes By $519 Billion Since Debt Ceiling, Expected to Hit $37.8 Trillion By Year End. $722 Billion In Treasury Auctions This Week Alone.

by Wolf Richter Wolf Street A Mississippi River of debt issuance. But the Treasury buybacks are small. The Mississippi River of debt, as we’ve come to call it, that is streaming into the bond market day after day, looked like this yesterday and today: For the two days combined, the government sold $476.5 billion in debt, ranging from 6-week Treasury bills to 5-year Treasury notes, including 2-year Floating Rate Notes (FRNs). Some of this new iss…