Getting Close Now

[Ares]

And as of today...

<img src="http://www.zerohedge.com/sites/default/files/images/user5/imageroot/bernanke/Debt%20ceiling_1_0.jpg"/>

Once again, Tim, good luck with that issuance of fresh $72 billion next week. (http://www.zerohedge.com/article/treasury-hopes-issue-72-billion-new-310-30-year-bonds-next-week-even-capacity-now-just-30-bi)

Oh, and did we mention there is $492 billion in maturities and $31 billion in interest outflows in May? We forgot?

http://www.zerohedge.com/article/getting-close-now

[madfranks]

Once again, Tim, good luck with that issuance of fresh $72 billion next week. (http://www.zerohedge.com/article/treasury-hopes-issue-72-billion-new-310-30-year-bonds-next-week-even-capacity-now-just-30-bi)


He doesn't need luck as long as QE2 is happening. The Federal Reserve will be buying most of that debt. The problem will be if (and that's a big "if") QE ends and he tries to sell 72 billion relying only on the market.

[Ares]

Once again, Tim, good luck with that issuance of fresh $72 billion next week. (http://www.zerohedge.com/article/treasury-hopes-issue-72-billion-new-310-30-year-bonds-next-week-even-capacity-now-just-30-bi)


He doesn't need luck as long as QE2 is happening. The Federal Reserve will be buying most of that debt. The problem will be if (and that's a big "if") QE ends and he tries to sell 72 billion relying only on the market.


Just about anyone who follows the financial con game knows that there are no real world buyers anymore of American debt. The federal reserve will be the buyer of first and last resort until the system implodes.