/biz/ - Business & Finance

>>55184944
>>XRPL Explorer:
also there's the $170 billion t-bill sale that will happen tomorrow...what happens if the USG is trying to sell, but nobody wants to buy?
https://markets.businessinsider.com/news/bonds/treasury-tbills-default-x-date-debt-ceiling-crisis-cash-balance-2023-5
https://www.businessinsider.in/investment/news/the-treasury-department-plans-to-issue-170-billion-in-t-bills-right-around-the-x-date-as-its-cash-balance-shrinks-further/articleshow/100535542.cms
https://finance.yahoo.com/news/trillion-dollar-treasury-vacuum-coming-135944792.html
(Bloomberg) -- With a debt ceiling deal freshly signed into law Saturday by President Joe Biden, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers.
This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.

The negative impact could easily dwarf the after-effects of previous standoffs over the debt limit. The Federal Reserve’s program of quantitative tightening has already eroded bank reserves, while money managers have been hoarding cash in anticipation of a recession.

JPMorgan Chase & Co. strategist Nikolaos Panigirtzoglou estimates a flood of Treasuries will compound the effect of QT on stocks and bonds, knocking almost 5% off their combined performance this year. Citigroup Inc. macro strategists offer a similar calculus, showing a median drop of 5.4% in the S&P 500 over two months could follow a liquidity drawdown of such magnitude, and a 37 basis-point jolt for high-yield credit spreads.

this is from yesterday
https://english.alarabiya.net/News/world/2023/06/03/Swiss-administration-faces-cyberattack

from thread on BRICS/OPEC+ >>>/pol/429393612

>>55184215
Then this anon insider has to say this to you