GENERAL analysis of GOLD📈 / XAUUSD💰
The US Treasury Department has dramatically increased debt issuance in the past year to fund stimulus efforts in the face of the pandemic. Approximately $ 3.6 trillion of sovereign debt was issued in 2020, up from $ 2.9 trillion the previous year, according to the Securities and Financial Markets Industry Association (SIFMA). With President Joe Biden's $ 1.9 trillion tax package on the agenda, debt issuance in 2021 is headed for an increase to $ 4 trillion, according to ING.
Increased supply and weak demand in the seven-year bond auction that took place at the end of February contributed to the yield on 10-year securities rising more than 20 basis points, with consequent volatility generated in the market of values. This has kept investors on the lookout for Wednesday's auction of $ 38 billion in 10-year bonds at 1 p.m. ITS T.
We will see what happens with that auction, but everything indicates that we must continue with the objective! Good luck investors!
Increased supply and weak demand in the seven-year bond auction that took place at the end of February contributed to the yield on 10-year securities rising more than 20 basis points, with consequent volatility generated in the market of values. This has kept investors on the lookout for Wednesday's auction of $ 38 billion in 10-year bonds at 1 p.m. ITS T.
We will see what happens with that auction, but everything indicates that we must continue with the objective! Good luck investors!
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