You are here

More spending and debt will compel more commodity price suppression

Section: Daily Dispatches

U.S. Treasury Set to Borrow $1 Trillion for a Second Year to Finance the Deficit

By Liz McCormick, Saleha Mohsin, and Alexandre Tanzi
Bloomberg News
Monday, January 28, 2019

The U.S. Treasury Department is set to maintain elevated sales of long-term debt to finance the government's widening budget deficit, with new issuance projected to top $1 trillion for a second-straight year.

Many strategists at primary-dealer firms predict that this Wednesday's quarterly refunding announcement will see the Treasury maintain note and bond sales at the record high levels they have boosted them to in recent months.

... Dispatch continues below ...



ADVERTISEMENT

A Network of Bullion Dealers Who Bid for Your Business

With a SmartMetals® account from the Hard Assets Alliance, you're always guaranteed the lowest prices for gold, silver, platinum, and palladium. When you buy bullion through your account, the alliance's network of trusted precious metals dealers launches into action -- and you'll be shown the lowest price for your purchase. Also amazing is the low-cost storage available to you in six non-bank vaults around the world.

Click here to learn more:

http://www.hardassetsalliance.com/go/v34pm4/GAT



The total amount of 3-, 10- and 30-year securities to be offered at next week's refunding auctions is seen by most at $84 billion. While that's $1 billion more than the total for these maturities three months ago, that's only because the size of the three-year sale was already nudged higher in December. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-01-28/another-year-another-...

* * *

Help keep GATA going:

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16