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TREASURY TRIMS BILL AUCTION SIZES

Summary:
Looks like the Biden admin has FINALLY thrown in the towel for July… “debt ceiling!” (yo we might as well call it “USD savings ceiling”) here we come…Bubba Janet in summer session in Venice could care less…and there it is folks!weekly 3m bill auctions trimmed by B (from B to B), weekly 6m bill auctions also by B (from B to B), and weekly 42-day bill auctions by B (from B to B)overall this means B per week less in bill issuance (so far announced) ? https://t.co/ieRgeUnMdz— DC (@AnalystDC) July 8, 2021 (BTW this kid ‘DC’ is a good fintwit follow…)

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Looks like the Biden admin has FINALLY thrown in the towel for July… “debt ceiling!” (yo we might as well call it “USD savings ceiling”) here we come…

Bubba Janet in summer session in Venice could care less…



(BTW this kid ‘DC’ is a good fintwit follow…)




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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