Treasury to sell $123 billion in T-bills on X-date, but there's a catch

The Treasury Department plans to sell $123 billion in T-bills right on the X-date, but there's a catch

The Treasury Department scheduled a T-bill auction for June 5, but it would be postponed if the US fails to resolve the debt ceiling crisis by then.

But their sale will not take place if Congress doesn't approve the debt ceiling bill by then, as the Treasury would not be able to issue such securities under the current debt limit. That's as Treasury Secretary Janet Yellen has estimated June 5 to be the newest X-date, or the day the US would run out of funds if Congress fails to lift the country's borrowing limit.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

BusinessInsider /  🏆 729. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Here's how to buy Treasury bills as yields top 5%Treasury bill yields have climbed over the past few months and currently top 5%. Here's what investors need to know before purchasing.
Les mer »

Debt limit: Yields on June Treasury bills fall back to earth after deal passes HouseYields on Treasury bills maturing soon have fallen from recent highs, a sign that investors are no longer worried about the possibility of a default on federal debt now that the debt limit deal has passed the House.
Les mer »

In desperate bid for cash, the Treasury is auctioning one-day bills | CNN BusinessFor the first time since 2007, the Treasury Department is auctioning bills that mature in one day. The department is set to auction $15 billion worth of one-day cash management bills on Friday that will be issued on June 5.
Les mer »

Treasury yields dip after China data softer than expectedSoft economic data from China revived global growth concerns and encouraged buying of government bonds, pushing yields lower.
Les mer »

Treasury yields fall as investors await debt ceiling deal voteU.S. Treasurys declined on Wednesday as investors fretted over the debt ceiling bill and awaited key jobs data.
Les mer »

Gold prices cling to gains as Treasury yields fall following debt-ceiling dealGold prices were marginally higher on Wednesday, the last trading session in May, but held on to their gains from a day earlier as sinking Treasury yields...
Les mer »