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This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“. Yeah that’s going to go over really well...? Scale of T-Bill Drought Hinges on Biden Rescue, Income-Tax Haul? Return of debt limit would require Treasury to slash cash pile? Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX— Michael Goodwell (@MichaelGoodwell) April 25, 2021
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This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“. Yeah that’s going to go over really well...? Scale of T-Bill Drought Hinges on Biden Rescue, Income-Tax Haul? Return of debt limit would require Treasury to slash cash pile? Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX— Michael Goodwell (@MichaelGoodwell) April 25, 2021
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Mike Norman considers the following as important:
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This is going to be funny... it’s like they are going to have to go to Congress and say: “hey! we need you to re-suspend the debt ceiling so we can borrow more money than you even need and your borrowing costs can be even higher!“.
Yeah that’s going to go over really well...
? Scale of T-Bill Drought Hinges on Biden Rescue, Income-Tax Haul
? Return of debt limit would require Treasury to slash cash pile
? Short-term pressure spills over, pushing Libor to record lowhttps://t.co/vWHgeMRczX
— Michael Goodwell (@MichaelGoodwell) April 25, 2021