The Treasury is slated to borrow an additional $433 billion during the quarter that runs from July to September.
The Fed lowered its target range for the overnight funds rate by 25 basis points and ended its monthly $15 billion balance sheet reduction. "The Treasury's cash balance decision is in some sense far larger in its impact on reserves than the Fed's decisions on what it did with its assets," said Lewis Alexander, the chief U.S. economist at Nomura.
U.S. Treasury Secretary Steven Mnuchin talks to reporters about cryptocurrency in the Brady Press Briefing Room at the White House July 15, 2019 in Washington, DC. Mnuchin said the Treasury is very concerned about Facebook's Libra cryptocurrency and that he wants the government to "make sure that the U.S. financial system is protected from fraud.
For its part, the Fed lowered its target range for the overnight funds rate by 25 basis points and ended its monthly balance sheet reduction it accomplished by allowing a capped level of proceed from the bonds it holds to roll off.
Trump is an idiot folks don’t count on him to do the right thing. Ever!
Morons, fed can print 1kk bill if it wants, fed can print 100kkk one dollar bills if it wants.
Really? Now explain why the 10-year yield is now below 2%.