"US Treasury's Strategic Moves to Influence Yields and Borrowing Plans Unveiled"
The Treasury Department's Quarterly Refunding announcements have caused significant market volatility, with longer-term Treasury yields surging and falling in response to the department's borrowing plans. The department announced a reduction in borrowing needs for Q1 and Q2, attributing it to higher tax receipts and a higher beginning balance in its Treasury General Account. However, the actual increase in marketable Treasury securities differs from the announced estimates, raising questions about market manipulation. The discrepancy in actual and announced increases in securities will be closely monitored, with potential implications for the marketable securities reaching $27.8 trillion by March 31.
- Treasury Department Trying Very Hard to Push Down Yields with its Quarterly Refunding Announcements. So We Take a Look WOLF STREET
- What Investors Need to Know About the U.S. Government's Borrowing Plans The Wall Street Journal
- Most of Wall Street Sees Repeat Uptick in Treasury Auction Sizes Bloomberg
- US Treasury to borrow $760 billion in Q1, lower than forecast Reuters
- 10-Year Treasury Yield Slips As Government Trims Borrowing Plan; S&P 500 Rises Investor's Business Daily
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