“Debt Ceiling Farce 2021”: S&P threatens to downgrade the US by 20 notches to “D” if it defaults, which would be a hoot.
At the current rate of outflows, the out-of-money date is in mid-October. “Extraordinary measures” might extend it into November.
A burning question in these crazy times.
OK, that was suddenly very fast.
Nothing Goes to Heck in a Straight line, not even the dollar’s hegemony.
A massive source of liquidity is approaching peter-out moment.
The Fed did. Nearly everyone did. Even China nibbled again. Here’s who holds that monstrous $28.1 trillion US National Debt.
What does it mean for the markets that the government now spends the proceeds from debt sales last spring that the Fed had monetized back then?
The New Regime at the US Treasury Department.
Junk bonds still in la-la-land as investors chase yield – risks be damned.