treasury will sell record amounts of 25and7yrs next week offering 40b 2s: A major increase in borrowing as Treasury funds the government spending to attempt to get the economy turned around. Sooner rather than later the massive borrowings will have a negative impact on US interest rates - 02/19/09 07:21 AM
Treasury will sell record amounts of 2-5-and-7-yrs next week offering $40B 2s, $32B 5s and $22B 7s (the first issue of that maturity since 2000), Tues, Wed and Thurs respectively, along with $31B 3-mo and $30B 6-mos. This morning we were estimating a total of $97B so this is $3B less, but still a major increase in borrowing as Treasury funds the government spending to attempt to get the economy turned around. Sooner rather than later the massive borrowings will have a negative impact on US interest rates. The WSJ reports on a survey of company chiefs and CPAs, "About 83% … (0 comments)

 
John F Tuggle, Certified VA Expert Renovation Program Specialist (John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd. )

John F Tuggle

Certified VA Expert Renovation Program Specialist

Columbus, GA

More about me…

John Tuggle, Senior Mortgage Loan Originator, Envoy Mortgage, Ltd.

Address: 5820 Veterans Parkway , Suite 309, Columbus, GA, 31904

Office: (706) 315-2365

Mobile: (706) 315-2365



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