>>939364428
Also your most concerning part right now I would say, is the inability under America's economic distress, for the US Treasury to secure bond purchases.
If anything investors are bailing out en-masse. Now with an economy & gov't the size of America, your cashflow looks mighty complicated. You'll need to fill gaps to cover park ranger salaries, cop equipment, stationary at the capitol, etc. So short term loans are essential.
Normally the USD is considered the most stable bet and the default currency reserve, so people bought those bonds. You know you're good for them anyway, so this is a great way to make sure cops still get paid this year, before you receive next year's taxes, according to last year's budget.
However at this point, the Treasury is coming up dry. So the US government is bleeding cash, and it's gonna need some quick cash sources soon.
They already had a flash auction a lil while back, for about 750 billion in debt, which is quite a bit. Only managed to raise about 250 bil tho. I don't know where they're gonna get the other half trillion from, but since they tried to pony this up in a week, they need another way and they need it fast.
I brought receipts of course. Go to TreasuryDirect, have a peek at the CUSIP's surrounding this set, I just lifted these from a report I happened to have lying here:
Auction Performance Metrics
Bid Rejection Rates (Mid-May Crisis Period):
364-Day Bill (CUSIP 912797QN0): 70% rejection rate
Total competitive bids: $157.9 billion
Accepted: $47.0 billion
High rate: 3.930%
28-Day Bill (CUSIP 912797PS0): 67% rejection rate
Total competitive bids: $241.0 billion
Accepted: $78.6 billion
High rate: 4.220%