And you thought Greece had debt problems.

by | Mar 26, 2010 | Economic Intrigue, Well I never.

From FT Alphaville today we have the following snippet :

Next quarter, the US Treasury must refinance $1.14 trillion in maturing debt + interest payments and another $630bln during the following three months.

That’s an eyewatering amount of money and, putting it in context, equates to roughly the whole of the UKs current national debt being sold in 3 months.

Given that the US Federal Reserve has ended its own QE program and the US seems to be trying to actively annoy China (who buy most of the US debt) the next 3 months should provide some interesting bond auction news.

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