Jul. 28 at 7:16 PM
$SPY $TLT $SHY $BIL $SGOV
Wow
“The Treasury warned Mon afternoon that it will borrow
$1.007T in CQ3, a number that’s ~
$453B higher than its prior forecast (a lot of the increase has to do with a lower than anticipated beginning-of-quarter cash balance related to the debt ceiling but even adjusting for that, the Treasury’s new target is ~
$60B higher than its Apr projection, and borrowing will stay heavy in CQ4 at
$590B).”