More spending and debt will compel more commodity price suppression

Section:

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 ...



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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-...

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