Wall Street: The U.S. will borrow less money this year than at any time since 2008

Wall Street Dealers See Treasury Sales Falling to Six-Year Low By Susanne Walker The U.S. will borrow less money this year than at any time since 2008, validating the nation’s decision to go deeper into debt to combat the financial crisis as faster growth shrinks the deficit, Wall Street’s biggest bond dealers say. The government will sell $717 billion of notes and bonds on a net basis, 14 percent less than last year, according to a survey of primary dealers which are obligated to bid at Treasury auctions. Issuance has fallen…

Read More