‘Eye-popping’ $1 trillion third-quarter borrowing need from U.S. Treasury raises risk of buyers’ fatigue

MarketWatch/Vivien Lou Chen/8-1-2023

“Just a day after the Treasury Department released a $1 trillion borrowing estimate for the third quarter, questions are being raised about the extent to which foreign and domestic buyers can continue to keep up their demand for U.S. government debt.”

USAGOLD note: This article details some of the problems accompanying this enormous issuance of government debt. It was published before Fitch’s downgrade announcement.