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Treasury General Account: Difference between revisions
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== Developments == | == Developments == | ||
=== After Debt Ceiling Deal === | |||
Bill supply will exceed a normal pace because the Treasury will want to replenish their Treasury General Account. | |||
Goldman Sachs estimate that the Treasury will try to rebuild the TGA to about $600 billion or $700 billion of a standing balance. On top of the normal issuance used for normal government spending, the market’s estimates are actually a little bit above $1 trillion of bills, maybe up to $1.2 trillion of bills, to come. | |||
The timeline of that supply is over the six months after the debt limit is raised.<ref>https://www.goldmansachs.com/intelligence/pages/as-debt-limit-talks-intensify-the-us-may-have-to-quickly-raise-1-trillion.html</ref> | |||