IF THIS AUCTION FAILS NEXT WEEK, EVERY LOAN IN AMERICA GETS MORE EXPENSIVE

It issues $125 billion in new debt to repay $96.3 billion maturing on August 15, and keeps an extra $28.7 billion in cash. – 3-year note: $58 billion on August 11 – 10-year note: $42 billion on August 12 – 30-year bond: $25 billion on August 13 Mortgage...

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It issues $125 billion in new debt to repay $96.3 billion maturing on August 15, and keeps an extra $28.7 billion in cash.

– 3-year note: $58 billion on August 11 – 10-year note: $42 billion on August 12 – 30-year bond: $25 billion on August 13 Mortgage...

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It issues $125 billion in new debt to repay $96.3 billion maturing on August 15, and keeps an extra $28.7 billion in cash. – 3-year note: $58 billion on August 11 – 10-year note: $42 billion on August 12 – 30-year bond: $25 billion on August 13 Mortgage... The Treasury announced its quarterly refunding today.

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The Treasury announced its quarterly refunding today.

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