Brad Setser
@Brad_Setser
CFR senior fellow. Views are my own. Writes on sovereign debt, trade, fx reserves and capital flows.
Joined May 2016
1.1K Following 158.4K Followers
1 trillion in net bills is 3% of GDP -- not a small share of the overall US fiscal deficit
🛑 T-bills total $8tn or 24.3% of marketable debt, above the Treasury Borrowing Advisory Committee’s ~20% suggested long-run share.
