US To Borrow $1.5 Trillion In Debt This & Next Quarter, After Borrowing A Massive $1 Trillion Last Quarter

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by Tyler Durden
Tuesday, Oct 31, 2023 - 09:55 AM

One quarter ago, when reporting on the Treasury's latest marketable debt issuance forecast, we pointed out something striking which sparked a historic selloff in Treasuries over the next 90 days: the US Debt Tsunami had Begun as the "US Was Set To Sell $1 Trillion In Debt in Q2, 2nd Highest In History, As Budget Deficit Explodes", while the forecast debt sale for Q3 was also an eye-watering $852 billion. The numbers were big enough that even the bond market - which had long since habituated to seeing huge debt issuance forecasts every quarter without batting an eyelid - cracked.

Since then it's went from bad to worse when as we first noted, the US quickly added some $600 billion in total debt in just one month after breaching the key $33 trillion level.