Cash Gone Nuts: Treasury General Account Drops to $674 Billion, as Fed’s Reverse Repo Cash-Drain Hits $534 Billion by Wolf Richter • Jun 10, 2021 • 93 Comments A massive source of liquidity is approaching peter-out moment.
Who Bought the $4.7 Trillion of Treasury Securities Added Since March 2020 to the Incredibly Spiking US National Debt? by Wolf Richter • May 17, 2021 • 164 Comments The Fed did. Nearly everyone did. Even China nibbled again. Here’s who holds that monstrous $28.1 trillion US National Debt.
US National Debt Passes $28 Trillion, +$4.7 Trillion in 13 Months. General Treasury Account Down by $480 Billion in 2 Months, $620 Billion to Go by Wolf Richter • Apr 4, 2021 • 268 Comments 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?
What’s Behind the Huge Spike in Reserves, a Liability on the Fed’s Balance Sheet? by Wolf Richter • Mar 12, 2021 • 179 Comments The New Regime at the US Treasury Department.
Treasury Market Had a Cow, Mortgage Rates Jumped, Wall Street Crybabies Clamored for Help, But the Fed Smiled Satisfied Upon its Creation by Wolf Richter • Feb 27, 2021 • 207 Comments Junk bonds still in la-la-land as investors chase yield – risks be damned.
Who Bought the $4.5 Trillion Added in One Year to the Incredibly Spiking US National Debt, Now at $27.9 Trillion? by Wolf Richter • Feb 17, 2021 • 173 Comments Someone had to buy every dollar of this monstrous debt. Here’s Who. The Fed isn’t the only one. But China continues to unwind its holdings.
US Dollar as “Global Reserve Currency” amid Fed’s QE and US Government Deficits: Dollar Hegemony in Decline by Wolf Richter • Dec 31, 2020 • 299 Comments Other options also shaky. Central banks leery of Chinese RMB, its share still irrelevant. Euro’s share is stuck. But the yen’s share has been rising.
Who Bought the Monstrous $4.2 Trillion Added to the Incredibly Spiking US National Debt in 12 Months? Everyone but China by Wolf Richter • Nov 19, 2020 • 184 Comments An increasingly important question, because someone always has to buy this debt – and it’s not just the Fed. But the share of foreign holders is waning.
Now Everything Depends on US Stimulus, from Billionaires to China’s Manufacturers, as US National Debt Blows Out by Wolf Richter • Oct 7, 2020 • 181 Comments But consumers again paid down their credit cards; let’s be honest, that’s abuse of stimulus.
How Has the US Dollar Held Up as “Global Reserve Currency” During Q2 Turmoil? by Wolf Richter • Sep 29, 2020 • 94 Comments Declining Hegemony. But still Hegemony.
