On June 4, 2024, U.S. Treasury Secretary Janet Yellen testified before the Senate Appropriations Subcommittee, stating that the Treasury does not attempt to time the market in its debt management strategies. Yellen emphasized that the issuance of Treasury bills is in line with historical averages and follows recommendations from the Treasury Borrowing Advisory Committee. She also noted that the objective in federal borrowing is to issue debt at the least cost over time, and clarified that issuing short-term debt does not create a 'sugar high' for the economy.
⚠️ YELLEN: **SHORT TERM BILL ISSUANCE IS IN LINE WITH RECOMMENDATIONS FROM TREASURY BORROWING ADVISORY COMMITTEE **THERE'S NOTHING ABOUT ISSUING SHORT-TERM DEBT THAT CREATES A 'SUGAR HIGH' FOR THE ECONOMY
YELLEN: SHORT TERM BILL ISSUANCE IS IN LINE WITH RECOMMENDATIONS FROM TREASURY BORROWING ADVISORY COMMITTEE
Sen John Kennedy to Janet Yellen, while trying to debate whether Treasury is trying to "time the market" with its borrowing, says: "You're smarter than me and I know that."
Somehow I think I should pin this to my profile.... "The issuance of Treasury Bills is in line with Historical Averages." Janet Yellen. You heard it from someone who should know. I been trying to tell you guys, but now maybe you will understand me better? Capiche?… https://t.co/gbHXZUOJqf https://t.co/zvlSQcyG1K
YELLEN: OBJECTIVE IN FEDERAL BORROWING IS TO ISSUE DEBT AT LEAST COST OVER TIME
⚠️ YELLEN: OBJECTIVE IN FEDERAL BORROWING IS TO ISSUE DEBT AT LEAST COST OVER TIME
US Treasury Secretary Yellen says Treasury does not time debt markets; Treasury bills issuance follows historical norms. #USTreasury #FinanceNews
⚠️ U.S. TREASURY'S YELLEN SAYS TREASURY NEVER TRIES TO TIME THE MARKET IN DEBT MANAGEMENT -SENATE APPROPRIATIONS SUBCOMMITTEE TESTIMONY 05 Jun 2024 00:37:19 - YELLEN SAYS ISSUANCE OF TREASURY BILLS IS IN LINE WITH HISTORICAL AVERAGES
⚠️ U.S. TREASURY'S YELLEN SAYS TREASURY NEVER TRIES TO TIME THE MARKET IN DEBT MANAGEMENT -SENATE APPROPRIATIONS SUBCOMMITTEE TESTIMONY **YELLEN SAYS ISSUANCE OF TREASURY BILLS IS IN LINE WITH HISTORICAL AVERAGES
Treasury Secretary Yellen:Treasury never tries to time market in debt management https://t.co/9CggtuEfw2
US TREASURY SECRETARY YELLEN: THE TREASURY NEVER TRIES TO TIME THE MARKET IN DEBT MANAGEMENT, THE ISSUANCE OF TREASURY BILLS IS IN LINE WITH HISTORICAL AVERAGES.
YELLEN SAYS TREASURY NEVER TRIES TO TIME THE MKT IN DEBT MANAGEMENT -SENATE APPROPRIATIONS SUBCOMMITTEE TESTIMONY YELLEN SAYS ISSUANCE OF TREASURY BILLS IS IN LINE WITH HISTORICAL AVERAGES
Treasury market in near future https://t.co/mM1Bi7WCxS
It looks like Sec of Treasury Janet Yellen has fully spent the extra incoming $$$ from tax day April 15th. The govt checking acct balance has fallen too low. Now the borrowing launches again. The previous 12 months the rate was $1 trillion per 100 days. That will likely… https://t.co/JGoYXfIKzm
"One of the critical issues in the Treasury market today is that the size of the debt has exploded one hundred times, while the number of dealers has mostly stayed the same." https://t.co/2VHnnr2VID