US Treasury's Massive Borrowing Drive Raises Concerns for Markets and Banks.
TL;DR
The Treasury Department is expected to issue $1.6 trillion in T-bills this year as it rebuilds its cash balance following the debt ceiling crisis. Analysts at Deutsche Bank estimated that $1.3 trillion in T-bills will be issued over the remainder of 2023, bringing the total for the full year to about $1.6 trillion. The issuance of T-bills will suck up liquidity from the financial system, potentially weighing on markets.
- The Treasury Department may issue $1.6 trillion in T-bills this year as it rebuilds its coffers after the debt ceiling deal Yahoo Finance
- Treasury's $1 Trillion Debt Deluge Threatens Market Calm The Wall Street Journal
- US National Debt Spikes by $359 billion on 1st Day after Debt Ceiling Suspended. TGA Begins to Get Refilled, Draining Liquidity from Market WOLF STREET
- Stock Fears Tied to US Debt Wave Miss the Mark, Deutsche Bank Says Yahoo Finance
- US Treasury's $1tn borrowing drive set to put banks under strain Financial Times
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