It appears next week the U.S. Treasury will attempt to auction, in reality buy themselves, another $200 billion in bonds and bills. The only item more amazing than this continued flood of debt is that the USD has managed to stay afloat without major damage. For now anyway!

Regards - VHF

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$109 Billion In Treasury Bonds, $88 Billion In Bills On Deck

Tyler Durden

August 20, 2009

Tim Geithner just can't get enough of testing the indirect bidders' desire (the directs', not so much) for soaking up rapidly deflating US Sovereign debt: next up on deck $109 Billion in Treasury Bonds, as well as 88 Billion in Treasury Bills, for a total of $197 Billion!

A recap: in July the Treasury issued $229 Billion in Bonds and Bills, the first two weeks of August saw $75 Billion in Bonds, and is now launching another $109 Billion in Bonds, and $88 Billion in Bills: in two months alone, the USA will have printed just over half a trillion in new sovereign debt.

Here are the newly released details for the upcoming Treasury auctions:

$31 Billion in 13 Week Bills, August 24

$30 Billion in 26 Week Bills, August 24

$27 Billion in 52 Week Bills, August 25

$42 Billion in 2 Year Notes, August 25

$39 Billion in 5 Year Notes, August 26

$28 Billion in 7 Year Notes, August 27

Look for some serious last minute POMOs to raise the overall market, as it subsequently crashes into the end of August to stimulate a "run for safety."