The Wednesday auction from the United States Treasury notes at 10 years undermined the narrative that investors are moving away from the debt of the United States government, the basis of global finance and money in Bitcoin instead.
and gold.
The sale of Thursday from $ 22 billion of 30 years can provide more clues about the confidence of investors in the fiscal policies of the president of the United States, Donald Trump, since he initiated the global trade war in early April and helps to point out whether the notes are losing the brightness as the main instrument of fixed income backed by the deepest liquidity and the low credit risk.
In the June 11 auction, the demand for the $ 39 billion of notes to 10 years, which offered a yield of 4,421%, exceeded the supply in more than 2.5 times, according to the exante data, and the main demolition of the dealer was only 9%, the lowest room recorded. That is a sign that investors made most of the great purchase. Primary distributors are the institutions authorized by the Central Bank to exchange government bonds, and the demolition refers to the amount of the newly issued debt that are absorbed.
That worsen the debt situation
As of June, the total gross national debt of the United States makes more than $ 36 billion, more than 120% of the gross domestic product (GDP) of the country.
The deficit, or excess government expenses on income, was $ 1.8 billion in 2024. The figure is expected to increase at $ 2.4 billion in the coming years due to Trump’s tax reduction plans. From now on, the United States pays $ 1 billion as the cost of attending the debt.
Therefore, the new broadcast is more likely to exacerbe the problem and has several analysts that point to Bitcoin and Gold as coverage against the fiscal crisis.
