How the US Treasury Borrows Trillions Like Clockwork

The US Treasury issues roughly $1.5 trillion in new debt every year. Most people never think about how that actually works. In this episode, Lucas and Luna walk through the Treasury's regular auction cycle — the schedule, the primary dealers, the bidding process, and the surprising role of the 'when-issued' market. They explain why the government can borrow $100 billion in a single day without breaking a sweat, and what happens when demand suddenly dries up. No jargon, just the mechanics of the world's most liquid financial market. If you've ever wondered where Treasury bonds actually come from and who really buys them, this episode gives you the concrete steps. #US Treasury #Treasury Auctions #Government Debt #Primary Dealers #When-Issued Market #Public Debt #Bond Auctions #Scheduled Auction #Treasury Bills #Treasury Notes #Treasury Bonds #Debt Management #Fiscal Policy #Economics #FexingoBusiness #BusinessPodcast #Fiscal Policy Podcast Keep every episode free: buymeacoffee.com/fexingo