You sent a bunch of flying monkeys to D.C., and you get what you paid for.
...The [US] note and bond auction sales replaced some maturing notes and bonds, and added a lot of new debt, and this is where the debt grows in leaps and bounds. For example:
The $48.5 billion of 10-year Treasury notes sold at auction this week at a yield of 4.07% replace $24.1 billion of 10-year notes that were issued in November 2015 at a yield of 2.30% and mature now: The issue amount doubled, and the yield is 1.77 percentage points higher, on double the principal!
T-bills mature constantly in huge volume and have to be replaced with new sales just to stay level. The $101 billion of 6-week T-bills sold on November 10 will mature on December 26 and will be replaced via new auction sales, plus whatever amounts will be added to the auction to fund the ongoing deficits.
The $82 billion of 26-week T-bills sold this week will mature on May 14, 2026, and will have to be refinanced then via a new issue, plus whatever new funds will be needed to fund the additional deficits.
As the T-bill pile grows, the auctions get larger and larger as maturing T-bills will have to be refinanced, on top of the issuance needed to fund the ongoing deficits with new T-bills. So the already huge T-bill auctions will become gigantic....
Trump's miserable little "cuts" have no effect when you jack rates-paid from 2.3 to 4.0+
Is hanging Congressmen still an offense?
1 comment:
Go right ahead. Get your cronies and do it. You keep flapping your gums about “buy more ammo”.
How about this. This is even better. Run for office. Show us all the “true” patriot you are.
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