Everyone is worried about the excessively high level of US government debt. Everyone, that is, except America’s creditors.

Take last week’s quarterly refunding by the US government. The US Treasury Department auctioned $125 billion of three-, 10- and 30-year bonds. Investors submitted bids for about 2.5 times the amount offered at each of the auctions, which was slightly above the average going back to early 2020 when the government ramped up its borrowing to support the economy through the Covid-19 pandemic. When it comes to the benchmark Treasury, that’s even higher than the average during the late 1990s and early 2000s when the US was running budget surpluses!

QOSHE - Where’s the Bond Market’s Breaking Point? It’s Not $35 Trillion - Robert Burgess
menu_open
Columnists Actual . Favourites . Archive
We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

Where’s the Bond Market’s Breaking Point? It’s Not $35 Trillion

43 1
13.05.2024

Everyone is worried about the excessively high level of US government debt. Everyone, that is, except America’s creditors.

Take last week’s quarterly refunding........

© Bloomberg

Get it on Google Play