Entry Submitted by Vee at 12:16 PM EDT on August 6, 2021
WASHINGTON (AP) — The Treasury Department announced Wednesday it will raise $126 billion to finance the government in a series of auctions next week by employing emergency measures to keep from broaching the newly imposed debt limit.
The Treasury announcement, part of Treasury's quarterly refunding operations, will see the $126 billion raised by auctioning 3 and 10-year notes and a 30-year bond with the auctions occurring on Tuesday through Wednesday of next week.
Those auctions will raise money to meet debt-servicing requirements on $58.6 billion in Treasury notes and bonds that are coming due plus raising approximately $67.4 billion in new cash to keep the government operating. ....
Who’s going to buy them ? Banks ? and claim them as assets ? It’s funny they say that the “auctions will raise” as if they’re certain. What happened with the window borrowing.. was all the allocated amounts taken up each time or was more needed and wanted each time ? I’ve said it in the past..it always amazes me how the Government, esp.. the treasury and Fed..always pull a rabbit out of the hat. I think soon they’ll run of of them wabbits.
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