The Treasury Borrowing Advisory Committee (TBAC) is a committee of Primary Dealer bigwigs that works closely with the US Treasury to estimate the Treasury’s quarterly debt needs. Its recommendations are published every February, May, August, and November. This includes a schedule for the auctions in each quarter, giving us advance notice of what to expect.
Read the rest of this post and all of Lee Adler’s Daily Data Dives at David Stockman’s Contra Corner. Register here to get full access to Contra Corner, including not only my Daily Data Dives, but also David Stockman’s daily insights on the US economy, geopolitics, and the financial markets. These reports are only available there, so please sign up and get a copy of David Stockman’s latest book, Trumped – A Nation on the Brink of Ruin and How To Bring It Back.
For my in-depth analysis and forecasts of the financial markets try the Wall Street Examiner Pro Trader reports available only right here on the Wall Street Examiner.