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Upcoming Auctions: Bills Bonanza - Over $150 Billion Gross To Be Auctioned Off Within A Week, $53 Billion Today
There is a real Bill issuance fest coming in the next week, as the US Treasury does everything but what it promised in regard to extending average Treasury maturities. After all, someone must let banks repo newly auctioned assets at zero rates so they can keep pushing the market ever higher into dot.com levels and far, far beyond.
Here is the listing of upcoming Bill auctions over the next week:
- April 12, $26 billion 3 Month Bills
- April 12, $27 billion 6 Month Bills
- April 13, $26 billion 4 Week Bills
- April 14, $25 Billion 56-Day Cash Management Bills
- April 22, $TBD billion, 3 Month Bills (likely $26 billion)
- April 22, $TBD, 6 Month Bills (likely $27 billion)
We will keep you updated on what the net impact of these auctions will be. We anticipate that April will see a total of over $250 billion in net issuance between Bills, Notes and Bonds, to follow on the heels of the $333 billion in March: Almost $600 billion auctioned off in just two months!
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Where the Eff are all the money coming from? These bond auctions goes on perpetually without a hitch, stock markets rising without a blip. This cant be healthy. Is Obama that dumb to think that everyone is going to be happy as long as things keep humming along without any logical reason? Yeah keep sticking your head in the sand there O-strich.
"Is Obama that dumb to think that everyone is going to be happy as long as things keep humming along without any logical reason?"
How is that dumb? This is the best thing that could happen to Obama. 401k's get back to pre-crash levels and everyday Joe and Jane are happy. Why would they not be?
Because what goes up...
Or are you suggesting that we're just off straight to the moon with no detours through hell before arrival? In other words, that this can continue, for all intents and purposes, forever.
They're not going to be happy about the price of gasoline, nor have they quite realized that the effect of ZIRP is that the annuity that they can buy with their massively over valued portfolio is going to provide a much lower income stream owing to the negligible real return on T bonds....
I guess its people like you in Wonderland that can only look a week in advance as what the future will entail. Actually in Obama's mind, its only till his next re-election, and that's if he will be re-elected.
YES you are right! and I think your point was missed, its not dumb if you want to get re elected, its just business as usual, the masses eat it up and want to believe.
T-Bills, bitches!
Like a shark, we stop swimming we die.
It has gone past the smoke, past the open flame and progressed towards a raging inferno. And still people walk around as if nothing unusual is going on.
Truly a testament to global mind control techniques and the hive mentality.
Notice the tag line. "A struggle for air and no way out."
Here We Go!!!
The Fed has lost it. And I mean, completely. And Volcker wants a VAT tax. That should seal his fate.
Debt is the new currency.
More debt equals more money.
Carbon Mutant is California Congressman Pete Stark!http://www.youtube.com/watch?v=UjbPZAMked0
It always interesting to watch the outrage and umbrage some Congress critters display when someone doesn't swallow whole what he or she is being told. And God forbid if a pleb actually questions and challenges the basic premise of the propaganda/nonsense.
Clearly some additional conditioning is needed. We live in a hive for crying out loud. Independent thinking is not tolerated and actively discouraged. Get with the program or we'll shut off your electronic money and access to health care.
LOL +1
It's unfortunate that the world's central banks seem to agree with him...
CD this is a minor example of the arrogance this administration has demonstrated toward the American voters and the constitution.
Priceless! I'll tell you what, Dubya, he went to Hawvawd. "Blib blub blob, quite right." Smarts are bought? Hahaha!
As they say, Fake it to Make it".
Cant we use fractional trillions instead of billions and round them down? Your scaring me with numbers I can comprehend.
"There is a real Bill issuance fest coming in the next week"
I almost got confused and thought they were "Real Bills".
What a difference!
Why would the banks buy T Bills when they already make 0.25% on their reserves at the FED?
Mark Beck
It's truly truly amazing that other countries and financial institutions have the hundreds of billions every other week to buy our debt in exchange for no interest essentially. But for the countries, wouldn't be alot better to prop up their markets with these billions instead of the US or financial institutions who can see better yields somewhere else. The pundits on television are selling themselves out and they know it. If this was any other country or a corporation, they would call us a risk not to invest in. But they can't because the elite have told the news agencies that their must be a push to the upside for the market regardless of the data coming out.