Here is a hitch to the Treasury Department’s proposal to immediately sell $123 billion in T-bills
If the US is unable to address the debt ceiling situation by June 5, the Treasury Department’s T-bill sale is expected to be delayed. Treasury now intends to auction off $65 billion in 3-month notes and $58 billion in 6-month bills on Monday, with settlement taking place on June 8. However, if Congress doesn’t pass … Read more