NEW
โ ExplanationAdvancedGovernment & Fiscal Policy โบ Daily Deep Dive
Treasury's $618 Billion Quarter: Bills, the 20-Year Inversion and the November 4 Refunding
Treasury's $618 billion fourth-quarter borrowing estimate is smaller than August's only because the cash balance opened higher. The composition decision on November 4 matters more: 22.4 percent of marketable debt is in bills that reprice inside a year, and the 20-year yield has sat above the 30-year for 37 straight sessions.
9mยท๐ 0