US Government Sold $518 Billion of Treasury Securities this Week. 6-Month to 2-Year Treasury Yields Spike on Warsh’s “Regime Change” at the Fed

The US government sold $518 billion of Treasury securities during the week: $477 billion of Treasury bills, spread over six auctions, with maturities from 4 weeks to 26 weeks, most or all of them to replace maturing T-bills; and $41 billion of Treasury notes and bonds spread over two auctions...