$109 Billion In Treasury Bonds, $88 Billion In Bills On Deck
Tim Geithner just can't get enough of testing the indirect bidders' desire (the directs', not so much) for soaking up rapidly deflating US Sovereign debt: next up on deck $109 Billion in Treasury Bonds, as well as 88 Billion in Treasury Bills, for a total of $197 Billion!
A recap: in July the Treasury issued $229 Billion in Bonds and Bills, the first two weeks of August saw $75 Billion in Bonds, and is now launching another $109 Billion in Bonds, and $88 Billion in Bills: in two months alone, the USA will have printed just over half a trillion in new sovereign debt.
Here are the newly released details for the upcoming Treasury auctions:
The chart of our national debt's ballooning total is presented below in all its glory (August only):
Look for some serious last minute POMOs to raise the overall market, as it subsequently crashes into the end of August to stimulate a "run for safety."