Jun. 15 at 3:25 PM
$JNUG $B $GLD $SLV $GDX
➡️This was US Treasury ISSUANCE LAST WK. There was
$239 billion‼️ of treasury issuance & most of this (over 90% ) was debt refinancing which is still similar to debt issuance do to the amount of interest the US is having to pay & not even touching the principle which of course is growing
➡️In the simplest of terms & the most digestible way :
If you have a
$300K, mortgage that comes due & you refinance it w/a new
$300K, mortgage, you've issued
$300K, of new debt instruments, but your debt hasn't increased. If you refinance w/a
$320K, mortgage, then only the extra
$20,000 is new borrowing. The Treasury operates similarly, just on a vastly LARGER scale
its almost like compounding interest but this situation is working against us & going in the opposite direction
❌US treasury debt issuance in the whole of 2025 was @
$29.7 trillion.
❌US treasury debt issuance so far in 2026 is @
$13.1 trillion.
❌Totaled @
$42.8 trillion in the last 18 months
