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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US
This note sets out to explain some of the "extraordinary" measures Treasury is taking and may take to stave off the “x-date” by which it runs out of means to pay the federal government’s bills. (For a rundown of the current political negotiations over raising the debt limit, see our May 25 daily political brief here.)
- We look at why early June is seen to mark the "x-date", whether Treasury can or will "prioritize" or delay payments, and why today's bill auction announcements could be interesting.
Full PDF here:
ExtraordinaryMeasuresMay252023.pdf
Source: BPC, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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