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https://www.wsj.com/articles/treasurys-1-trillion-debt-deluge-threatens-market-calm-f2173ef4

Treasury’s $1 Trillion Debt Deluge Threatens Market Calm

U.S. government could face borrowing at rates near 6%, up from 0.1% less than two years ago

By Eric Wallerstein
President Biden on Friday commended Congress for passing the Fiscal Responsibility Act, suspending the debt ceiling to avoid an unprecedented U.S. default. Photo: Jim Watson/Press Pool

Investors are bracing for a flood of more than $1 trillion of Treasury bills in the wake of the debt-ceiling fight, potentially sparking a new bout of volatility in financial markets. 

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.