US Government Sold $694 Billion of Treasuries this Week, Debt Hits $38.2 Trillion, Treasury Yields Rise Further, Shift to T-Bills Begins | Metals Mine

  • US Government Sold $694 Billion of Treasuries this Week, Debt Hits $38.2 Trillion, Treasury Yields Rise Further, Shift to T-Bills Begins

    From wolfstreet.com

    This week, despite being shortened by Veterans Day when the bond market is closed, the government sold $694 billion in Treasury securities spread over 9 auctions on three days. Of these auction sales, $549 billion were Treasury bills with maturities from 4 weeks to 52 weeks, including $110 billion of 4-week bills, and $101 billion in 6-week bills. table And $144 billion of the auction sales this week were notes and bonds, including $48 billion of 10-year notes and $29 billion of 30-year bonds. table The note and bond auction sales replaced some maturing notes and bonds, and added a lot of new debt, and this is ... (full story)

Comment Options
Eren10
Nov 16, 2025 2:35am
Permalink
Quoting Trader#5C51
{quote} Because it is not a big deal- the US has debt and adjusts the average maturity based on the current yield and rate expectations.
Not big deal :

The $48.5 billion of 10-year Treasury notes sold at auction this week at a yield of 4.07% replace $24.1 billion of 10-year notes that were issued in November 2015 at a yield of 2.30% and mature now: The issue amount doubled, and the yield is 1.77 percentage points higher, on double the principal!
Reply
Nei2dawrld
Nov 15, 2025 7:41pm
Permalink
How come "Wolf Street" is this the only one reporting this???
Like it's literally been 24hrs since ts was published on "Wolf Street" website and neither Bloomberg, Reuters, CNBC or even WSG has said a thing about it
Reply
The Fool
Nov 15, 2025 12:34pm
Permalink
Quoting Ferna
I wonder if there is a shift. Are long-term bonds sold less than before? 48 billion of 10-year bonds and 29 billion of 30-year bonds doesn't sound much in comparison to 549 billion of 4 week-1 year bills. Proably that means rates are set too low for investors to take on the longer durations, and proably 8-10% would be more appropriate for those.
This shift happened before Trump 2.0, but has become more pronounced under Trump...

...the US Treasury has been selling more short-term bonds (T-bills) than long-term bonds recently, a trend supported by recent auction data and Treasury market commentary. This shift is partly a strategic response to the current market environment, which includes high short-term yields and investor concerns about long-term fiscal health.
Strategic shift to short-term debt: The Treasury is prioritizing short-term bills to avoid disrupting the longer-term bond market, where yields have been volatile.
Market conditions: Elevated long-term yields are partly due to investor concerns about future inflation and fiscal policies, leading them to demand higher compensation for holding long-dated debt.
Auction results: Recent auctions show a significant portion of sales are in short-term bills (e.g., 4-week and 6-week bills), while the dollar amounts for notes and bonds (like 10-year and 30-year) are smaller by comparison, says Wolf Street.
Investor behavior: This strategy is also influenced by investor demand, as many investors have flocked to the relative safety and high yields of short-term government bonds, making them an attractive, lower-risk option.
Nordling
Nov 17, 2025 1:51am
Permalink
Quoting Eren10
{quote} Not big deal : The $48.5 billion of 10-year Treasury notes sold at auction this week at a yield of 4.07% replace $24.1 billion of 10-year notes that were issued in November 2015 at a yield of 2.30% and mature now: The issue amount doubled, and the yield is 1.77 percentage points higher, on double the principal!
Good eyes, sharp observation. That just shows how desperate the government is to avoid a recession
Reply
Eren10
Nov 15, 2025 1:50pm
Permalink
Quoting Ferna
{quote} I mean this is what all this "digitalization" is all about isn't it? the stablecoins are denominated in dollars. Forcing a digitalization means they can skip paying back big chunks of debt since the original dollar becomes worthless.
Digitalization is more about coming of AntiChrist. AntiChrist wants to control every item you buy.
Reply
PiipPool
Nov 15, 2025 11:59am
Permalink
Absolutely cooked government. Oh well, they usually don't last more than 300 years. We had a good run.
Reply
Tony112
Nov 15, 2025 10:18am
Permalink
I hope you guys are ready for the laser dive
Reply
The Fool
Nov 15, 2025 12:36pm
Permalink
AI Overview
Scott Bessent, the U.S. Treasury Secretary, has expressed a strategy that involves a near-term focus on increasing the issuance of short-term debt (Treasury bills) to meet U.S. government funding needs. This approach is primarily driven by an anticipated structural increase in demand for these assets from growing money market funds and the stablecoin sector.
Key points of Bessent's approach to U.S. debt management:
Focus on T-bills: Bessent has indicated that increasing sales of longer-term securities does not make sense with current high yields. Instead, the Treasury is leaning on the robust demand for short-term bills (which mature in one year or less).
Anticipated Demand: He anticipates that stablecoins, which are often required to be backed by ultra-safe, liquid assets like Treasury bills due to new legislation like the "Genius Act," will become major purchasers of this short-dated government debt. Money market funds are also a significant source of demand.
Gradual Changes to Long-Term Debt: The Treasury will consider future increases to the amount of long-term bond issuance but will make any adjustments gradually. For now, the sizes of longer-term debt offerings are expected to remain stable for at least several quarters.
Goal: The overall goal is to manage the national debt by finding consistent, price-insensitive demand for U.S. debt and ultimately bring down the deficit-to-GDP ratio over time through economic growth and spending discipline.
Tony112
Nov 15, 2025 1:06pm
Permalink
Quoting bel3ouchi
{quote} please can you explain
Image a powerful red laser beam light pointing down.

That’s how the candle in the chart of stocks will look like.
Reply
The Fool
Nov 15, 2025 1:16pm
Permalink
Quoting Ferna
{quote} I mean this is what all this "digitalization" is all about isn't it? the stablecoins are denominated in dollars. Forcing a digitalization means they can skip paying back big chunks of debt since the original dollar becomes worthless.
lots of chatter along these lines on youtube and elsewhere, I have not paid much attention. Maybe I should...

Inserted Video
The Fool
Nov 15, 2025 3:07pm
Permalink
Quoting 240z
@ The Fool, do you have to write a book to get your point across ? ....
The entity known as "The Fool" is now integrated with ChatGPT. You will be assimilated soon enough. Resistance is futile.
Nordling
Nov 17, 2025 1:49am
Permalink
No need for doomsday scenarios, the only ones getting f over is again us average people. Don't panic, we are used to that for centuries.

As traders, what we should get from this article is that this rate of treasuries sold means money supply is increasing at a faster rate, which will create inflation.

The reason why government felt the need to sell huge amount of bills (average is usually 200-300 bln$) is of course the economic slowdown. They are trying to avoid a recession.

Looks good for the US stock market right? Yea but looks bad for our paychecks and grocery bills. The classic.
Reply
Eren10
Nov 15, 2025 9:20am
Permalink
Usa going bankrupt. devil is gonna cry
Reply
240z
Nov 15, 2025 2:47pm
Permalink
@ The Fool, do you have to write a book to get your point across ? .... Trump broke the system with trickle down economics. Bankruptcies, Layoffs , Empty houses for sale. Coming chaos will make 2008 look like a warm summer day.
Reply
bel3ouchi
Nov 15, 2025 11:24am
Permalink
Quoting Tony112
I hope you guys are ready for the laser dive
please can you explain
Reply
Guide2befree
Nov 15, 2025 2:09pm
Permalink
....Or allowed to buy.
Reply
Trader#965D
Nov 15, 2025 12:12pm
Permalink
Usa going bankrupt
Reply
devonoved
Nov 15, 2025 2:56pm
Permalink
Quoting Eren10
{quote} Digitalization is more about coming of AntiChrist. AntiChrist wants to control every item you buy.
I knew it. Now all those Revelations verses about digital currency make perfect sense.
Reply
Trader#CBEC
Nov 15, 2025 9:33am
Permalink
Gold now to be selling for this week gold this week crashed 100% surely for my technical analysis
Reply
Trader#8E0D
Nov 15, 2025 1:35pm
Permalink
For those who apparently do not understood that markets run on supply and demand not personal opinions of small traders, look at the debt to gdp of the US vs Japan. Now look at what Japanese stocks have done over the last year. Debt levels have zero relevance to stock prices on a tradable time frame. Debt will assumably matter at some point in the future, but there is no way to actually trade that. Also, a country with fiat currency cannot by definition go bankrupt so posting that everyday is simply ridiculous. The dollar’s effective collapse is possible, but that would almost certainly mean all fiat currencies would be collapsing. Bullets and clean water would be the new currency.
Reply
Trader#5C51
Nov 15, 2025 8:05pm
Permalink
Quoting Nei2dawrld
How come "Wolf Street" is this the only one reporting this??? Like it's literally been 24hrs since ts was published on "Wolf Street" website and neither Bloomberg, Reuters, CNBC or even WSG has said a thing about it
Because it is not a big deal- the US has debt and adjusts the average maturity based on the current yield and rate expectations.
Reply
Trader#2FDF
Nov 15, 2025 9:31am
Permalink
They are performing too much drama lolzzzzz
Reply
Trader#0DEF
Nov 15, 2025 10:43am
Permalink
Sell off okay!
Reply
Trader#9BDC
Nov 15, 2025 11:12am
Permalink
DXY to the ground
Reply
Trader#AA23
Nov 15, 2025 3:12pm
Permalink
It’s funny, the Borg were a complete fiction unrelated to reality in anyway, but look at xAI, Neurolink, and Tesla robots. The Borg is actually the objective of the richest person in the world.
Reply
  • Story Stats

  • Related Stories