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Open original source ↗Two topics that get 100x more airtime than they deserve on fintwit:
1) Trillions in Tbills constantly maturing and getting bought again by the same balance sheets that hold them now.
2) The Treasury issuing some on-the-run debt to buy back some of its own off-the-run debt.
https://t.co/dsGcreDkLG
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Segment 2 · characters 276–299 · Original segment ↗
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These are the quoted author’s words.
$8T of debt is rolling over this year, dwarfing anything coming in the next decade https://t.co/QBcyeOOUng
peruvian_bull ↗