Traders brace for $102 billion wave of Treasury bond sales

Bloomberg/Liz Capo McCormick/7-31-2023

cartoon of a man rolling out paper towels that are U.S. Treasuries“The US Treasury is set this week to begin a ramp-up in issuance of longer-dated securities that’s likely to stretch into next year, forced by a rapidly deteriorating budget deficit and soaring interest rates.”

USAGOLD note: The new bond sales come at a time when the Fed, Japan, and China are no longer buyers. What happens if support doesn’t materialize?

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