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Treasury’s $1 Trillion Debt Deluge Threatens Market Calm

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The U.S. government could face borrowing at rates near 6%, up from 0.1% less than two years ago

June 7, 2023 12:01 am ETPresident Biden on Friday commended Congress for passing the Fiscal Responsibility Act, suspending the debt ceiling to avoid an unprecedented U.S. default. Photo: Jim Watson/Press Pool

Investors are bracing for a flood of more than $1 trillion of Treasury bills in the wake of the debt-ceiling fight, potentially sparking a new bout of volatility in financial markets.Continue reading your article with

 

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