U.S. Debt Sales to Hit Record Level as Deficit Swells

The transcript discusses the U.S. Treasury's plan to conduct massive bond sales due to large deficits, with a focus on upcoming auctions and the humor in the bond market. It highlights the political dynamics in Washington regarding fiscal concerns, noting the lack of strong deficit hawkishness and the potential for increased spending to boost the economy.

What is the total amount the Treasury plans to auction in the upcoming week?

• $3 trillion

• $42 billion

• $389 billion

• $97 billion

What is the humorous aspect of the 20-year bond auction?

• It is being auctioned on a weekend.

• It is the largest bond auction in history.

• It is exactly $20 billion on May 20th, 2020.

• It coincides with a national holiday.

Which group has shown concern about the budget deficit?

• The Freedom Caucus

• The Democratic Party

• The Senate Finance Committee

• The Federal Reserve

How do political parties typically react to fiscal deficits when they are not in power?

• They ignore the deficits.

• They propose tax cuts.

• They support increased spending.

• They become more hawkish.

What is Mitch McConnell's stance on additional spending?

• He has not commented on it.

• He is completely against it.

• He suggests caution but is unlikely to reject it.

• He fully supports it.