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Government Sold $724 Billion of Treasuries this Week, Debt Hits $37.0 Trillion. Getting Ready for the Fed’s Shift to T-Bills
by Wolf Richter, Wolf Street: 10-year and 30-year yields rose after rough auctions, despite huge issuance of T-bills to take pressure off long-term yields. This week, the government sold $724 billion in Treasury securities spread over 10 auctions, held on four days. Of these sales, $505 billion were bills with maturities from 4 weeks to […]
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