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Treasury Running Out Of Money In September 2019


Treasury needs to issue debt in August 2019.

Issuance of debt will put upward pressure on interest rates.

Latest data shows the Treasury is at only $131 billion cash.

Running out of money in September.

We are clearly in the pessimistic scenario as tax revenues are collapsing due to the slowing economy. August is also a month with no tax income.

While already having issued debt of $300 billion to get to $22.3 trillion to pay off the extraordinary measures debt.

So I expect that interest rates will go up a bit from the debt issuance.