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home / news releases / XYLG - U.S. Treasury Reaches Its Debt Ceiling

XYLG - U.S. Treasury Reaches Its Debt Ceiling

GLOBAL X FDS

Summary

  • U.S. nearing its statutory debt limit of ~$31.281 trillion.
  • Congressional gridlock on changing the debt limit appears likely.
  • Fed QT roll-off of $60 billion in U.S. Treasury securities is continuing.
  • Secretary of Treasury, Yellen, has warned the Speaker of the U.S. House that the existing debt limit is forecast to be reached on January 19, 2023.
  • Recent Congressional dealings regarding the nation's debt ceiling have tended to cause market turmoil.

For further details see:

U.S. Treasury Reaches Its Debt Ceiling
Stock Information
Company Name: GLOBAL X FDS
Stock Symbol: XYLG
Market: NYSE
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