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‘Worst Liquidity Contraction Since Lehman’ Adds To Bear Case
As most readers have doubtlessly surmised, the tech-driven rally in US equities has done exactly not
I think I read that Treasury needed to issue $700BN or so, more or less immediately upon the debt ceiling being lifted. I think around half of that has already been done in the past few days. If the markets take the $700BN in stride, that would weaken the liquidity risk argument, no?
I’m going by https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny which says US govt debt held by public increased $320BN from 6/2 to 6/5.