Sell in May and go away is coming early this year.
Supply Tsunami, Arriving Early War spending blew a $142 billion hole in the usual April budget surplus. T-bill paydowns ended weeks before they normally do. The market must now absorb supply that dwarfs anything seen in comparable prior periods. Are you ready? This report replaces what the TBAC formerly published for us. It shows the bi monthly supply schedule of net coupon issuance and an estimate of the gargantuan T-bill supply that lies ahead.
The unprecedented level of supply will lead to an unprecedented outcome. Legacy subscribers (pre-April 2026), click here to download the report.
New Subscribers (since April 2026) You must be logged in to download the report. Click here to log in. Download Here: Macroliquidity™ Bi Monthly Treasury Supply Forecast May-July (Membership Required: Integrated Edge or Macroliquidity™)
The full 7 page report, with clear illustrative charts, explains the facts behind the numbers that matter and the fallacies behind the ones that don’t. Real numbers, real-time proprietary charts and tables. Backed by 57 years of independent analysis.
Access today’s and future Macroliquidity™ reports here.
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