Treasury General News Today

There almost certainly won’t be a Truss/Kwarteng-style meltdown in the US Treasury market – just persistent inflation, high rates, volatility and likely some form of monetary financing.

Liquidity provided by global central banks doesn't explain market moves to the degree many investors seem to think, says TS Lombard's Dario Perkins.

WASHINGTON, D.C. — U.S. Representative Mark Amodei (NV-02) issued the following statement after a recent meeting with the designers, engravers, and production staff at the Philadelphia Mint, where the 2021 Morgan Dollars honoring the Carson City Mint are being produced as part of a new program enacted through legislation passed by Congress:

Despite the initial concerns surrounding the liquidity impact of the Feds quantitative tightening, net liquidity has actually increased

An investor’s perspective now that the threat of a default has receded

An investor’s perspective now that the threat of a default has receded

June 7 (Reuters) - The U.S. Treasury on Wednesday said it aims to ramp up T-bill issuance to rebuild its cash balance depleted during the debt ceiling stand off, aiming to add roughly $350 billion to its cash on hand by the end of June. ... | Jun. 07

Investors awaited a House vote on the debt limit deal, scheduled for Wednesday.

Once it is free to issue new debt, the Treasury Department is expected to quickly replenish its general account at the Fed. The move could lead to a shortage of reserves.

There are multiple legal pathways to resolve the current debt “crisis.” Having the president and House speaker agree on spending cuts to programs already approved by Congress is not one of them.