Tag Archive for Tbac

Score One For US! Professional Edition

The Treasury issued its refunding statement on Monday, followed by the Treasury Borrowing Advisory Committee quarterly report on Tuesday. The statement recognized the reduction in first quarter offerings by $86 billion to $392 billion. This was essentially a recognition of the January reduction that resulted from the Treasury’s excess cash holdings at the end of…

TBAC Report – Don’t Worry Be Happy

In the Professional Edition Fed reports posted 3-4 times weekly, I make use of the quarterly estimates of the Treasury Borrowing Advisory Committee of the Treasury’s weekly borrowing needs to see how the experts did versus the subsequent reality, mainly to judge if they seem to have a handle on the situation or not. More…

Panic Now, Avoid the Rush

The Treasury Borrowing Advisory Committee (TBAC) released its quarterly advice to the Treasury yesterday. This is public domain stuff, and since I haven’t heard much mention of it in the mainstream media, I am reposting it here in its entirety. This is an unfolding horror story. This report paints a picture of the financial apocalypse…

Fed Report

There were no Treasury auctions today. The Treasury announced next week’s 13 and 26 week bill auctions today, a day earlier than usual due to the holiday. Both will be for $28 billion. Both are $1 billion more than the TBAC estimate made on October 31. Both are $1 billion more than the amounts expiring…