Mnuchin Sees Solid Treasuries Demand After Record U.S. Borrowing
- Treasury sees stage set for growth pickup over near term
- CBO sees U.S. budget deficit rising to $1 trillion by 2020
U.S. Treasury Secretary Steven Mnuchin says treasury markets can “handle a lot of supply.”
(Source: Bloomberg)This article is for subscribers only.
U.S. Treasury Secretary Steven Mnuchin said he’s unconcerned about the bond market’s ability to absorb rising government debt after his department said it borrowed a record amount for the first quarter.
“It’s a very large, robust market -- it’s the most liquid market in the world, and there is a lot of supply,” he said in a Bloomberg TV interview on Monday. “But I think the market can easily handle it.”