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  • Marketable U.S. Treasury Debt to Explode by $2.85 Trillion in the 10 Months From End of Debt Ceiling to March 31, 2024

Marketable U.S. Treasury Debt to Explode by $2.85 Trillion in the 10 Months From End of Debt Ceiling to March 31, 2024

October 31, 2023

by Wolf Richter Wolf Street

Including $1.56 trillion in Q4 2023 & Q1 2024 combined. Government has gone nuts.

The US government is borrowing such huge amounts to fund its gigantic and reckless deficits that the whole world is paying attention. The Treasury Department’s Quarterly Refunding announcements are normally greeted with a global meh, but under the current tsunami of new issuance of debt, it has turned into a hot button.

Today, the net amounts of marketable Treasury securities to be sold to the markets in Q4 2023 and Q1 2024 were released; and on Wednesday, the financing details, such as the amounts of longer-term Treasuries and auction sizes, will be released.