Treasury Secretary Yellen:Treasury never tries to time market in debt management
Treas. Sec Yellen in testimony to Senate Appropriations Committee:The treasury never tries to time market in debt managementIssuance of treasury bills is in line with historical averages.We have seen an increase in exports to Russian from China, including dual use goods that can be used to aid Russia's militaryUS need to coordinate Russia sanctions efforts with allies.US is continuing to take sanctions against Iran. It is difficult for sanctions to curb shadown fleet of oil tankers.Market participants believe that short term rates will come downSHort term bill issuance is in line with recommendations from Treasury Borrowing committeeThis is nothing about issuing short term debt, that creates a sugar high for the economy This article was written by Greg Michalowski at www.forexlive.com.
Treas. Sec Yellen in testimony to Senate Appropriations Committee:
- The treasury never tries to time market in debt management
- Issuance of treasury bills is in line with historical averages.
- We have seen an increase in exports to Russian from China, including dual use goods that can be used to aid Russia's military
- US need to coordinate Russia sanctions efforts with allies.
- US is continuing to take sanctions against Iran. It is difficult for sanctions to curb shadown fleet of oil tankers.
- Market participants believe that short term rates will come down
- SHort term bill issuance is in line with recommendations from Treasury Borrowing committee
- This is nothing about issuing short term debt, that creates a sugar high for the economy
