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.Hence then, the article about u s treasury says it is to increase t bill issuance was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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