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Treasury likely to boost the government’s quarterly round of debt auctions to unprecedented levels

Summary:
Treasury may be on a jihad to reduce reserves at Depositories being created by the Fed... article ofc mentions nothing about the TGA.... unqualified Art Degree journos too dumb...We may learn more about current Treasury policy Wednesday... I have an email into them but they have not responded... may consider doing a FOIA request  if they don't respond... Treasury’s announcement Wednesday on its issuance plans for the coming months will signal how Mnuchin plans to manage a debt burden that’s poised to eclipse the record seen in the wake of World War II as a share of the economy. Treasury Secretary Steven Mnuchin is likely to boost the government’s quarterly round of debt auctions to unprecedented levels this week https://t.co/mwRyouH3Yi — Bloomberg (@business) May 4, 2020

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Treasury may be on a jihad to reduce reserves at Depositories being created by the Fed... article ofc mentions nothing about the TGA.... unqualified Art Degree journos too dumb...

We may learn more about current Treasury policy Wednesday... I have an email into them but they have not responded... may consider doing a FOIA request  if they don't respond...

Treasury’s announcement Wednesday on its issuance plans for the coming months will signal how Mnuchin plans to manage a debt burden that’s poised to eclipse the record seen in the wake of World War II as a share of the economy.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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