Treasury is flooding the market with bills and stocks get the free QE ride
THE US GOVERNMENT IS RUNNING QE WITHOUT CALLING IT QE The US deficit is projected at $1.9 trillion this year, or 5.8% of GDP. More than half of it is now being funded with short-term Treasury bills instead of long-term bonds. By July 2026, the Treasury had issued $413 billion in net new bills, already … Read more