Treasury’s Coupon Storm Hits Right After Warsh’s First FOMC
Treasury sells $24B in 5-year notes hours after the Fed decides June 17, then a 2y/5y/7y trio Jun 23-25 — ~$200B of supply in seven days.
Treasury sells $24B in 5-year notes hours after the Fed decides June 17, then a 2y/5y/7y trio Jun 23-25 — ~$200B of supply in seven days.
Treasury sold $22B of 30-year bonds at 4.844% Thursday with a 2.43 bid-to-cover — average demand, a quiet rebound from May’s first-above-5% scare.
What the yield curve is, why inversion has preceded every US recession since 1970, and how to read the current US Treasury curve as of June 1, 2026.
The US 2-year Treasury yield is near a 52-week high at 4.07% as traders price out Fed rate cuts for the rest of 2026.
How the U.S. Treasury actually raises money: single-price auctions, competitive vs noncompetitive bids, primary dealers, and what tails reveal.
Plain-English guide to municipal bonds: GO vs revenue, how the federal tax exemption changes your real yield, and why munis default less than corporates.
A plain-English guide to the Treasury yield curve: what it is, the four shapes, why it can invert, and what each shape says about the economy.
Repos and reverse repos move trillions of dollars daily. Learn how repurchase agreements work, what the Fed’s RRP facility does, and why it matters to markets.
The U.S. government is forced to issue more debt than projected as cash flows weaken — and long-term Treasury yields are holding stubbornly high in a dynamic analysts call unprecedented since 1990.
Norges Bank raised its benchmark rate to 4.25% on May 6, 2026 — the only major European central bank to hike this year — as Norway’s CPI stayed at 3.6%, well above target.