Treasury supply to hit $1 trillion over the coming months

The debt ceiling drama has finally come to a close as Washington signed legislation to raise the debt ceiling and avert default. But the next chapter abruptly follows and involves $1T of Treasury Bill issuance over the next 3 months, 5x the average annual supply. Mark Cabana discusses the impact that may have on shorter term Treasuries, the outlook for long dated bonds and whether the agreed upon spending caps will dissuade any of the Treasury bears.

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