Ugly Math: Why The Treasury Market Could Implode At Any Time Now
Summary Of $20T in marketable Treasuries outstanding, $4.7T is from T-bills due in 6 months or less. Treasury is almost completely reliant on short-term debt to fund current deficits. The Treasury hasn’t been able to raise any net cash from T-bills since June, since $7.3T in this debt has already come due since March. More … Read more