The US Treasury to increase T-bill issuance. Specifically they will increase four, six, and eight week bills
They say that they do not expect to issue cash management bills. As a result of the debt ceiling increase, they will to increase cash balances to 500 billion by the end of July.
Pres. Trump has indicated that with the Fed not cutting rates, that it doesn't make sense to issue long dated securities. I wonder if this is the start of that shift to that strategy?
Of course, the Fed doesn't control longer term rates. They are market-driven.
If there is a more accommodative Fed chair, it doesn't necessarily mean that the longer-term rates will come down with the shorter-term rates. Just saying.
The U.S. Treasury will sell:
$65 billion of 17 week bills on July 970 billion of eight week bills (previously $45 billion) and 80 billion 04 week bills (previously $55 billion) on July 10. This article was written by Greg Michalowski at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( U.S. Treasury says it is to increase T-bill issuance )
Also on site :
- Couple Bring Cat To Vet, Realize Something Heartbreaking Once They Arrive
- Ukrainian teachers told to pretend they can’t speak Russian
- Kylie Jenner’s Stunning European Vacation Snapshots Are Giving Us Major Life Goals Envy