Time to Look at Foreign Demand for the Incredibly Ballooning US National Debt by Wolf Richter • Jul 19, 2023 • 92 Comments As China unloaded Treasury securities and Japan propped up the yen, other countries loaded up.
Treasury Market Comes Out of Denial, Grapples with “Higher-for-Longer,” QT, Flood of New Issuance. Long-Term Yields Jump by Wolf Richter • Jul 8, 2023 • 212 Comments Denial works great until it doesn’t.
US National Debt Spiked by $851 billion in One Month, to $32.3 Trillion. Flood of New Debt Coming in Q3 to Refill the TGA, Pay for Raging Deficits by Wolf Richter • Jul 2, 2023 • 152 Comments While, for the first time, the Fed’s QT and refilling the government’s checking account (TGA) pull liquidity from the markets simultaneously.
Longer-Term Treasury Yields to Rise amid Flood of Issuance while Fed, Foreign Buyers, US Banks Unload. Short-Term Yields already Surged by Wolf Richter • Jun 26, 2023 • 179 Comments What the Fed wanted to accomplish. But the bond market hasn’t been playing along and “is too complacent” about the coming onslaught.
US National Debt Hits $32 Trillion, up $572 billion since Debt Ceiling Suspended. TGA Starts Refilling, Drains Liquidity from Markets by Wolf Richter • Jun 17, 2023 • 269 Comments Debt doesn’t matter. Until it does. And now it does.
Powell Caught in One Heck of a Squeeze: D, All of the Above is Also Possible by Craig Francis • Jun 12, 2023 • 181 Comments Debt has a nasty habit of ruling the financial world of any entity, whether it’s a household, business or nation.
US National Debt Spikes by $359 billion on 1st Day after Debt Ceiling Suspended. TGA Begins to Get Refilled, Draining Liquidity from Market by Wolf Richter • Jun 6, 2023 • 118 Comments The Fed’s QT is happening for the first time simultaneously with the refilling of the TGA. Both draw liquidity from markets.
Update on US Government Holy-Moly Debt, Interest Expense, and Tax Receipts, and How they Stack Up Against GDP by Wolf Richter • May 29, 2023 • 186 Comments We shoulda known better.
Short End of the Treasury Market Goes Totally Nuts. Doubts Creep in Over Debt Ceiling? by Wolf Richter • Apr 20, 2023 • 165 Comments The good folks in Congress are surely too worried about their own wealth, and sheer greed will keep them from pushing the US into default. But…
The “Extraordinary Measures” that the Government Uses in the Debt-Ceiling Farce to Delay a Default by Wolf Richter • Apr 3, 2023 • 189 Comments The government can manipulate the gross national debt to keep it below the debt ceiling while issuing new debt. But not for long. Then the game is over.
