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. t.co/km06w0hcTZ
— Pedro da Costa (@pdacosta) August 3, 2020
Slow down money velocity to print more without creating too much inflation. These guys think we are stupid haha!
— Hoz (@Hoz94s) August 2, 2020
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