Bill’s Commentary:

“Do you remember the movie “Rollover”? Who exactly is going to refinance this debt?”

$7.6 trillion of publicly held U.S. government debt matures in next 12 months. What does the Treasury do next?

Close to a third of all publicly-held, outstanding U.S. government debt is set to mature in the next 12 months, raising questions about where Treasury might go from there to finance the government’s borrowing needs.

A total of $7.6 trillion will mature in the next year, approaching the level seen in early 2021, according to a chart provided by Torsten Slok, the New York-based chief economist at asset management firm Apollo. In an online post, Slok said that’s been a source of upward pressure on rates, though strategists countered by saying such a statement is hard to prove.

Read more here…

The latest from Erik –

Bill’s Commentary:

“Some on target Erik for the weekend.”

3 thoughts on “

  1. Hi Bill,I thought when the Rothschild estate went up for sale piece by piece, the proceeds would be more than enough to pay off the debt. Mary Ann

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