United States Treasury and Italy’s Treasury posed to borrow until the last day of the year, as if exponential unsustainable deficits and public debt, still weren’t enough

0 0

BOTH COUNTRIES HAD TO PUSH THROUGH BUDGET LEGISLATION, AT THE LATEST AVAILABLE DAYS OF THE YEAR, TO PREVENT A FEDERAL GOVERNMENT SHUT DOWN IN THE UNITED STATES, WHILE ITALY COULD HAVE FALLEN INTO TEMPORARY BUDGET MEASURES

Treasury issuance on Monday for short term borrowing, Two and Five Years Treasury have seen asks for higher yields from Treasuries investors.

Italy posed to borrow on a 6 Months Bot Auction to cover short term borrowing going into 2021, while also issuing more 10Y BTP on Auction to reserve a derisory 0.59% Yield on the 10Y that carries a negative -32 basis compared to a 10Y U.S. Treasury

U.S. Treasury will add a short term 52 week Bill Auction, with a 7Year Treasury, on tuesday