Skip to toolbar
01/16/2021

Liberty Pulse

Have You Checked Your Pulse Today?

Treasury Redeems $144 Billion In Bills In First Four Days Of May

1 min read

Treasury Redeems $144 Billion In Bills In First Four Days Of May

A few days ago we reported, quite stunned, that the US Treasury had redeemed nearly $600 billion in Bills in the month of April. Alas, the side-effects of an massively short-maturity heavy bond curve will be here to haunts us for a long time: according to today’s DTS, in the first 4 business days of May alone, the UST has redeemed $144 billion in Bills. Annualized this number is surely something that even Richard Feynman would not joke about. We have gotten to the point where the roll issue is not a monthly concern, but is becoming a weekly funding threat, and even daily. Of course, as we speculated in December, what better way to raise demand for Treasuries than to stage…

Read Article Here…

n

b9sJxqr097Kgo