The U.S. government's financial practices have been under scrutiny as it continues to accumulate significant debt, with recent figures indicating an addition of $100,000 in federal debt every second over the last year, totaling $10 billion per day since March 1st. This amounts to $417 million per hour, $6.9 million per minute, and $115,740 per second. This alarming rate of borrowing necessitates frequent Treasury auctions to manage the debt, with $125 billion in notes and bonds scheduled for auction this week alone. These include $58 billion of 3-year notes, $42 billion of 10-year notes, and $25 billion of 30-year bonds, marking a critical test for U.S. government debt demand amid a shaken $26 trillion U.S. Treasury market influenced by actions from China, Japan, and the Federal Reserve.
There's $125B of notes and bonds on auction this week by the US Treasury! - $58B of 3-year notes on Tuesday - $42B of 10-year notes on Wednesday - $25B of 30-year bonds on Thursday It will be a milestone test for US government debt demand. https://t.co/BIYtv2A2EL
At $2 Million Per Minute, Treasuries Mint Cash Like Never Before https://t.co/8ovn66Erh6
At $2 Million Per Minute, Treasuries Mint Cash Like Never Before https://t.co/HPxPXfkCGo
Why China, Japan and the Fed are shaking up the $26 trillion U.S. Treasury market https://t.co/ttPftv21BC
Shocking stat of the day: The US has added $100,000 in Federal debt EVERY SECOND over the last year. Since March 1st, the US has been adding a staggering $10 billion in debt PER DAY. That's $417 million per hour, $6.9 million per minute and $115,740 per second. As interest… https://t.co/igx8q32ZoS
Instead of needing to borrow $1 trillion every 100 days, which has become standard in the past 12 months, the US govt gets a brief cash injection from April 15th. That is already running down the cash in the govt bank account. The US Treasury will be back to borrowing $1… https://t.co/gxW1KSyjfv