tag:blogger.com,1999:blog-2761684730989137546.post3249186250856244509..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: Debt Ceiling to Hit this Week: Who Cares?mike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2761684730989137546.post-35664747099926867882011-12-28T22:20:37.959-05:002011-12-28T22:20:37.959-05:00no media hubub??? bummer I would have loved to go ...no media hubub??? bummer I would have loved to go long bonds again. LOLMariohttps://www.blogger.com/profile/00905402431684735610noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-59442664866036994432011-12-28T12:03:39.264-05:002011-12-28T12:03:39.264-05:00Mike looks like so,
This from Beo in the old thre...Mike looks like so,<br /><br />This from Beo in the old thread:<br /><br />"After that, once Tsy burns through all but $100B, the President issues another notification letter. This one has a 15 day shot clock, after which the hopefully final $1.2T of the deal comes through. "<br /><br />http://mikenormaneconomics.blogspot.com/2011/09/new-debt-ceiling-debacle-unfolding.html<br /><br />so it looks like Treasury will send the 100B notice this week (latest DTS shows still a bit below the 100B threshold with SS payments going out soon) and then the 1.2T should be available in 15 days.<br /><br />Looks like we are adding a bit over 100B of "debt" per month so this should be enough to cover operations for only 15 days (half a month)...<br /><br />So this time it looks like probably no disruption to Treasury functions but if they net issue a lot this week they can get pretty close to the current ceiling if they blow strongly thru that 100B threshold, so I'll keep an eye on it over the next few weeks...<br /><br />Looks like they did 30B of 4-week bills today, (at 0.000% which is now getting commonplace).<br /><br />http://www.treasurydirect.gov/instit/annceresult/press/preanre/2011/R_20111228_1.pdf<br /><br />Resp,Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-88903589477488791962011-12-28T06:11:42.714-05:002011-12-28T06:11:42.714-05:00So the Republicans won't even do their sham vo...So the Republicans won't even do their sham vote to oppose it? All that for nothing?<br /><br />Friday is the 30th. So 15 calendar days later means the debt ceiling goes up by $1.2 trillion on Jan 13 or 14, right?mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.com