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Policy Issues

Financing the Government

Financing the government covers debt management topics that support reliable funding of government operations and efficient issuance of Treasury securities. This includes issuance strategy, auction processes, investor information, and supporting statistics.

Topics

Treasury Quarterly Refunding

Borrowing needs and issuance updates, and what a quarterly refunding generally covers.

Interest Rate Statistics

Reference rates and yield-curve concepts used to describe financing conditions.

Treasury Securities

Marketable vs non-marketable instruments, auctions, and security features.

Treasury Investor Data

Who holds Treasury securities and what investor data is used for.

Debt Management Research

How cost/risk tradeoffs and issuance strategy are studied and communicated.