Tag: Wall
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Why Treasury Auctions Have Wall Street on Edge
The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets. Scrutiny of Treasury auctions—whereby the government funds operations by selling the world’s safest bonds to big banks and dealers—has grown alongside their size. For years, many in Washington and on Wall Street assumed that investors would buy…
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Wall Street Breakfast: Out Of Cash
Out of cash Funding for foreign policy priorities remains stuck on Capitol Hill as dire warnings abound over what it might mean for national security. Back in October, President Biden had requested $106B in supplemental funding, including $61.4B for Ukraine, $14.3B for Israel, $7.4B for Taiwan and the Indo-Pacific, and $13.6B for the U.S.-Mexico border,…