Treasury confirms it’s borrowed half the $3tn required for Coronavirus relief

Treasury confirms it’s borrowed half the $3tn required for Coronavirus relief

Brian Smith, deputy assistant Treasury secretary for federal finance announced that the Treasury already raised $1.46 trillion of the $2.99 trillion in increased borrowing without any disruption to the functioning of the Treasury market. The department said it would increase auction sizes across the curve by $154 billion but shift financing to longer-dated securities over the coming quarters.

Timothy
Timothy
M. Schlegel
M. Schlegel 2 weeks

Well, the enormous debt of tge US will be OK as long as we manage to keep interests low and confidence in the dollar high. Atm not a problem at all and pumping money into the economy is indeed needed. We should be careful over the risks though.

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