I guess a hundred billion of borrowing a month isn’t enough. The US Government is apparently running out of cash, so they will do a Cash Management Bill today. Wow.
But no worries. The Fed will print the money to buy it. You have to wonder if the Fed might ever get a case of Buyer’s Remorse.
Nah.
The US Treasury posted this announcement yesterday.
CUSIP: 912796SW0
Term and Type: 16-Day Bill
CMB: Yes
Offering Amount: 15 Billion
Announcement Date: 11/19/2019
Auction Date: 11/20/2019
Issue Date: 11/26/2019
Maturity Date: 12/12/2019
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