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Americans are buying most of the new Treasuries being issued.
New treasuries, legal identities, communication and logistics systems and so on cannot be set up overnight.
New Treasuries will still be issued at the same time, but in smaller numbers.
This country's debt is in a similar precarious position, because if our debt is called and new treasuries aren't selling, there would be no new money to pay interest on the old.
Similar(56)
Three of the first four members of the team to be named are well-regarded PhD-holding economists and the fourth, Tim Geithner, the new treasury secretary, is a respected central banker (he heads the Federal Reserve Bank of New York).
Giulio Tremonti, the new treasury minister, is generally respected.
Naming a new treasury secretary may be more complicated.
The new treasury analysis is designed to amplify Morrison's opening message.
NEW TREASURY ISSUE IS $250,000,000; Certificates to Be Dated Sept. 15 Will Mature on June 15 Next.
All this is not to say that the new treasury secretary should abrogate responsibilities on matters of domestic policies.
He can counter lack-of-competition arguments by pointing to a new Treasury-futures venture, set up by eSpeed, a broker, and a group of banks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com