Why the Bond Market Is Watching Treasury Over the Fed

The video discusses the significance of the Treasury refunding announcement, suggesting it may overshadow other economic data like the FOMC decisions and jobs report. The Fed is expected to hold rates steady, and the labor market remains strong with a low jobless rate. Recent deficit figures and GDP growth highlight the need for increased Treasury issuance, shifting market focus to how the Treasury will manage the deficit.

How did the recent deficit figures compare to previous figures according to the text?

What growth rate was reported for GDP last week, and why is it considered significant?