US: $2.001B Coupon Purchase 2021-08-27
We know when the Treasury will run out of cash. Congress will then be forced to raise the debt ceiling.
The Treasury will need to issue immense amounts of new debt to repay the internal accounts it raided, and to rebuild its cash account. It won’t be pretty, but we have situational awareness. We’ll be prepared.
We know when the Treasury will run out of cash. Congress will then be forced to raise the debt ceiling.
The Treasury will need to issue immense amounts of new debt to repay the internal accounts it raided, and to rebuild its cash account. It won’t be pretty, but we have situational awareness. We’ll be prepared.
CUSIP: 912796F53Term and Type: 21-Day BillCMB: YesOffering Amount: 45 BillionAnnouncement Date: 08/26/2021Auction Date: 08/31/2021Issue Date: 09/02/2021Maturity Date: 09/23/2021PDF | XML
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