Two weeks ago we observed a series of Treasury auctions, specifically the 2Y, 5Y and 7Y issues in late October, which were generally in line with historical average except for a perplexing collapse in Direct Bidders.
Treasury Secretary Steven Mnuchin is about to surpass Timothy Geithner's achievement of selling a record amount of notes and bonds as he seeks to finance America's soaring budget deficit.
The U.S. Treasury Department said government borrowing this year will more than double from 2017 to $1.34 trillion as the Trump administration finances a rising budget deficit.
Similar to yesterday's sale of 2Y paper, moments ago the Treasury sold $39 billion in 5Y paper at a high yield of 2.977%, below last month's 2.997%, and tailing the When Issued 2.971% by 0.6 bps.
President Trump has accepted Nikki Haley's resignation as UN Ambassador, according to two sources briefed on their conversation. The timing of her departure is still unclear, the president promised a "big announcement" with her at 10:30 a.m.
The Gathering Storm In The Treasury Market
August is lining up to be the best month for Treasury bonds in a year as 10Y Yields are down almost 13bps (the most since Aug 2017's 18bps drop).
All of the hoopla over non-existent collusion between Donald Trump and Russia is nothing but political theater. The real crime has been completely covered up by the American media--including the so-called conservative media
Six months ago, I alerted readers to the very attractive benefits that the TreasuryDirect program offers to investors who are defensively sitting on cash right now.
A roller-coaster week for rates and the dollar did not stop large speculators adding to their already record-high short positions across the entire term structure.
While traditionally a snoozer, this morning's Treasury's refunding announcement was closely watched for details on how the US Treasury's plans to fund its soaring budget deficit in the coming quarters, shortly after it announced it had sold a near re
This week the U.S. Treasury Department issued guidelines on how the Office of Foreign Assets Control (OFAC) could add cryptocurrency addresses to the country's sanction list.
After Friday's excited celebration of slowing wage growth spiked 30Y Treasury yields, it appears a weekend of reality-checks has prompted some to see economic growth prospects sliding...
In response to Trump's shocking announcement of a global trade war (which may have been "born out of anger at other simmering issues and the result of a broken internal process"), the age-old question has once again returned front and center: will fo
Earlier this month, the United States government released its annual financial report for the year 2017.
Historic Market Test On Deck: Record $179BN In Treasurys For Sale Today, Quarter Trillion This Week
While the US Treasury had previously warned it would gradually increase TSY auction sizes, bond traders were looking to today's Refunding statement for details on when and how much this increase would be.
The government shutdown wasn't long enough to delay the nomination hearing for an economist who could be considered to be one of the "worst Fed nominees of all time."
Over the past several months, numerous "right wing" outlets have reported that President Trump was the first President to see the national debt decline in generations and that the debt not going up was proof of MR Trump's business acumen. As
In the latest creeping takeover by Goldman Sachs of the White House, overnight the White House announced that Donald Trump will nominate another Goldman Sachs banker, James Donovan, for a key financial post as deputy Treasury secretary, the White Hou