Prospects for US Treasury Debt Issuance Strategy Shift and Market Reaction
- 1Citigroup expects the US Treasury to reduce the expected $3 billion in 20-year and 30-year bond auctions and borrow more through short-term Treasury bills.
- 2The US Treasury used its entire $6 billion Treasury buyback limit on October 1 to repay existing long-term debt.
- 3Bitcoin rose 1.2% over 24 hours to trade at $84,030.
So what's the key point?
The US Treasury may use more short-term debt instead of long-term bonds. Citigroup expects the issuance of long-term bonds to decrease by $3 billion.
Source BeInCrypto · View original ↗
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