In 2024, the U.S. Treasury plans to issue $1.9 trillion in bonds, surpassing levels seen during the 2008 financial crisis. This comes as the U.S. debt is projected to reach $34 trillion. The Treasury will maintain steady sales of long-term debt, with no changes expected in the upcoming May-July auction sizes. Interest payments on U.S. debt are anticipated to hit $1.7 trillion by April 2025 if rates stay stable. Additionally, $8.9 trillion of U.S. federal debt is set to mature over the next 12 months, necessitating refinancing. The Federal Reserve is expected to slow down its securities holdings rundown, which could lower near-term funding needs. Treasury borrowing estimates for Q3 are projected at $847 billion, and FED bids for 3-month bills total $7.8 billion.
FED BIDS FOR 3-MONTH BILLS TOTAL $7.8 BLN.
Market lower as Treasury boosts April-June borrowing estimates to $243 billion from $202 billion - Q3 $847 billion, when the Fed likely slows QT https://t.co/aUOEzCXuOh
The Treasury borrowing estimates do not model tapering QT, which will likely start as soon as this week. With taper, near-term funding needs are even lower.
If $1.2 Trillion is really the whisper estimate for TSY Q3 borrowing needs, then boy are yields going to collapse today...
NEW: Interest payments on ๐บ๐ธ US debt are expected to reach $1.7 TRILLION by next year if rates remain stable ๐ฎ https://t.co/ZverH7fR4Z
Rates Will Come Down after Election $8.9 TRILLION of US Federal debt will mature over next 12 months. That debt will need to be refinanced at much higher rates or USA will bust. By 2034, US debt is expected to cross above a staggering $50 trillion.
๐บ๐ธ UFF: Interest payments on US debt will reach $1.7 trillion as early as April 2025. https://t.co/gFvPGKO24o
#TreasuriesToday: Yields lower by 2bp-4bp inside last week's ranges, which included YTD highs (2Y 5.025%, 10Y 4.735%). Ahead this week: May-July auction sizes Weds, with no changes to nominals & buyback program start date expected. Also, some predict FOMC will curb QT pace Weds.
The US Treasury is set to keep its sales of long-term debt steady in a new plan this week, with the government expected to get relief soon from the Federal Reserveโs rapid run-down in its securities holdings (slowing of QT)... Dealers anticipate the Treasury on Wednesday willโฆ
This is shocking: Treasury bond issuance in 2024 is expected to hit $1.9 TRILLION Surpassing levels seen even during the 2008 financial crisis https://t.co/qYmh6cOEpO
The United States is $34 trillion in debt. How will they even get out of it ๐ฏ #Bitcoin