Yesterday’s action went badly and yields are now spiking:
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We’ll see another auction today, $160 billion in 4-week and 8-week short term bills, and $18 billion in 9-year 8-month TIPS.
Perhaps they’ll play a little game called “Just the TIPS”. Or will it be the “Ouch, ouch, you’re on my hair” game?
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Re: Congress passes
Yes, there is concern abt increases in national debt with current bill. But the Senate has not yet agreed.
Maybe they will settle some issues.