Daily Market Commentary

March 25, 2020

The imminent increase in U.S. borrowing needs, while likely to be met initially by increased bill issuance, will also entail larger note and bond auction sizes beginning with the May refunding, Barclays strategists Anshul Pradhan and Andres Mok says.

The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

The Trump administration is debating whether to defer payments of duties on imported goods from around the world for three months, people familiar with the talks said.

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