People have been wondering when Tim Geithner would leave Treasury almost since he started the job in the middle of a horrible financial crisis. It was back in December, 2009 that we first started speculating about his replacement.
But he’s been a s…
The Primary Dealers finally had a payday on their enormous Treasury short position. They got help from foreign central banks, who, if the horrible indirect…
A new study suggests it is highly unlikely that the Treasury would actually default on its debt beginning in early August if the White House and Congress fail to agree on a long-term deficit-reduction plan and an increase in the current $14.3 trill…
House Majority Leader Eric Cantor just pulled out of the debt ceiling talks over tax issues, according to WSJ.com. Cantor says there is an “impasse” over taxes holding up negotiations that only President Obama and House Speaker Boehner can resolve.
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The key liquidity indicators outside of the Fed itself, including commercial bank and foreign central bank purchases of Treasuries and Agencies, large domestic bank trading…
Investors, already worried about the struggling economy, will be biting their fingernails as they wait to see whether the U.S. government will default on some of its obligations.
That ugly process is likely to be …
The US Treasury, running short of cash, announced a $15 billion, 6 day cash management bill to carry it through to June 15 tax collections…
This year the Treasury has to sell nearly $8 trillion worth of bills, notes and bonds to the public in order to repay owners of more than $6.4 trillion worth of maturing debt and to finance the current budget deficit, according to analyst Nancy Vand…
Liberal groups are gearing up to fight a potential change in the Social Security cost-of-living adjustment, which deficit hawks are pushing to include in the budget and debt-ceiling deal currently being negotiated between the White House and Republic…
Treasuries rallied this week. I guess investors find the threat of the debt ceiling and potential default to be non issues. They still see Treasuries…
