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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (33733)	10/17/2022 9:15:52 AM
From: Les H	Read Replies (1) \| Respond to of 48868

Daily treasury statement contains the Treasury Cash Balance fiscaldata.treasury.gov Debt ceiling is 256 billion dollars from being hit. Either the Treasury buys some bonds and delays the date by a few days or it spends down its cash balance as it avoids issuing new debt until a new law authorizing more borrowing is agreed on. It probably will happen in the third quarter of next year. In the meantime, the only source of new debt needed to be absorbed by the markets will be the 60 billion dollars rolling off the Fed's balance sheet each month. That's a far lower level to accommodate than the approximately 200 billion dollars each month this quater.