Submitted by Tyler Durden on 07/22/2010 11:49 -0400
Another week has passed, and it is time for the US to issue another $100+ billion in coupons. The US Treasury has just announced next week's bond issuance calendar, this time 2s, 5s and 7s. This has nothing to do with the weekly issuance in hundreds of billions in Bills: already this month we have redeemed over $400 billion in short-term debt. (And, for purists, it is indeed not a monthly but a bi-weekly event: the US still continues to issue about $200 billion in coupon debt each month).
Luckily, Bernanke is on TV preaching hopeful signs, and a faith in the almighty printer, and he will make sure this latest indication of just how very much under control the US budget deficit is, proceeds without a glitch.
