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By Karen Brettell and David Lawder (Reuters) -The U.S. Treasury Department said on Monday it expects to borrow $776 billion in the fourth quarter, $76...
With debt, deficits and bond yields all surging, investors are watching closely how the government will go to market with its borrowing needs.
(Reuters) -The U.S. Treasury Department said on Monday it expects to borrow $776 billion in the fourth quarter, $76 billion less than its forecast in July, citing increased revenue estimates, bringing some relief to bond markets rattled for months by a glut of new debt. A U.S. Treasury official said revenue is expected to rise in the October-December period partly because income tax payments from California and some other states deferred due to natural disasters were now starting to flow into the Treasury. The projections prompted U.S. Treasury debt yields to fall slightly, with the benchmar...
Makers of refrigerators, boats and teeth straighteners say U.S. consumers are shunning big-ticket items, defying the macro economic reports on spending.
Investors resume a selloff of government debt that's sent long-dated yields to some of their highest levels in 16 years.