Get ready. 71% of the government debt issued this past year matures in less than 12 months. Negative interest rates are coming.

Get ready.

71% of the government debt issued this past year matures in less than 12 months.

Treasury Bills’ outstanding shot up to $5 trillion!

No way around this…

The Fed’s balance is set to explode. pic.twitter.com/7nYgKahzpi

— Otavio (Tavi) Costa (@TaviCosta) August 1, 2020

Negative interest rates are coming. https://t.co/km06w0hcTZ

— Pedro da Costa (@pdacosta) August 3, 2020

https://twitter.com/Hoz94s/status/1290065689194016769

Also:

This is likely why the US Treasury is hoarding a record of $1.79T of cash.

Same happened back in 2008-9.

Problem is:

This time, Treasury Bills outstanding are almost $3.3T higher than their cash balance. pic.twitter.com/tVKV75cYpX

— Otavio (Tavi) Costa (@TaviCosta) August 1, 2020