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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)

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  • Category: Fundamental Analysis