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Fed RRP Slush Fund Drawdown Begins – Treasury announces 39-Day Bill

This is a syndicated repost published with the permission of Treasury Offering Announcements. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

Now that the debt ceiling has been lifted temporarily, the drawdown of the Fed’s RRP slush fund begins, with the selling of the first new bills. The Treasury so far has announced $65 billion in net new paper that will begin to hoover up all that cash sitting in the RRPSF

Here’s the Treasury announcement:

CUSIP: 912796H77
Term and Type: 39-Day Bill
CMB: Yes
Offering Amount: 60 Billion
Announcement Date: 10/13/2021
Auction Date: 10/14/2021
Issue Date: 10/18/2021
Maturity Date: 11/26/2021
PDF | XML

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