The US Treasury announced $66 billion in bonds sales which was slightly less than the $67 billion expected. The smaller funding announcement was in 3-year notes at $26 billion versus $27 billion expected.
That reflects the improving deficit situation in the United States. The Treasury expects the trend to continue to improve and say they will gradually reduce 2-year and 3-year note sales over the next three months.
I think politics in the US could be headed to a better place. Republicans may begin to lay off the austerity push and work on tax reform or some measures to get the economy moving.
