The Treasury is set to borrow nearly $1 trillion this year and more..

[SummerSnow]

The Treasury is set to borrow nearly $1 trillion this year, and at least that much afterward. Here's why it matters

The Treasury quietly released data showing it would need to borrow $955 billion in 2018, and more than $1 trillion in the two subsequent years.

The government's financing needs come as the economy is picking up escape velocity.
Rising interest rates may undermine growth, and hamper the government's plans.

Don't look now, but the U.S. government needs to borrow more money at exactly the wrong moment — when interest rates are spiking.

Last week, in a development first reported by The Washington Post, the Treasury Department quietly released data estimating its 2018 borrowing needs would check in at $955 billion, then top $1 trillion in the next two fiscal years. Those sums are considerably higher than last year's $519 billion in debt issued last year, and an upward revision to estimates released by the Treasury in late 2017. The federal government's voracious financing needs come at a time when it's already pulling in record levels of tax revenue, to the tune of $444 billion in October through November 2017.

https://www.cnbc.com/2018/02/05/treasury-set-to-borrow-nearly-a-trillion-in-2018-and-more-beyond.html

*more at link

[Wellstone ruled]

1. Here you go with the 3% bonds.