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The Treasury added $175B in new debt during November, hitting the debt ceiling of $31.4T. New debt issuance was focused on the short end of the curve with $145B in Treasury Bills issued. As is typically the case when the debt ceiling is hit, the Treasury starts pulling from Non-Marketable debt to cover additional expenses. […]
The post Annualized Interest Set to Exceed $700B by July, Up $400B in Two Years first appeared on SchiffGold.