MoneyWell support / developers have no access to your data. MoneyWell is using iCloud (specifically CloudKit) to sync between devices. If you want to make sure your budgets are backed up (and you should) ensure your backup system backs up ~/Library/Containers//īecause of how macOS now displays folders inside the Containers folder, so you'll need to check the icon to make sure it's the new green with bucket logo as if you have installed multiple versions of MoneyWell on this machine it's now the only way to distinguish them. This enables multiple budgets to be synced. The MoneyWell app now manages all of the budgets. The department queried them about again in their pre-refunding survey questions.This article solely relates to MoneyWell 2023 and is entirely not relevant to any of the previous versions, MoneyWell 3, MoneyWell 2 or the original MoneyWell.īecause of the way syncing now works, we've moved away from a "document" model, where you look after your document and can move it around. The program is set to start next year, but dealers see the Treasury as still working out the details. Another is to smooth out volatility in its issuance of T-bills. One of the aims of buying back older securities and issuing more of the current benchmarks is to help bolster patchy liquidity in the Treasuries market. The later-quarter increases are set to be at “a quicker pace than the post-Covid issuance cycle,” he added.Īnother item to watch will be any update to the Treasury’s plans for buybacks, which they first unveiled in May after months of consideration. “Treasury needs to materially increase auction sizes at the November and February refunding,” Citigroup’s Jabaz Mathai, head of Group of 10 rates strategy also said in a note to clients. The Treasury lately has been selling a barrage of bills as it sought to rebuild its cash balance in the wake of running it down to dangerously low levels during the partisan battle over the debt limit earlier this year.Ĭitigroup Inc.’s team said the targeted T-bill share of debt will be among the things they’re looking for this week. The Treasury Borrowing Advisory Committee, a panel of market participants including buyers and dealers, has long advised a 15% to 20% range for that ratio. Fed Chair Jerome Powell last week also signaled that the portfolio runoff could continue at some pace even after policymakers had begun cutting interest rates, suggesting a longer period than many had thought for the so-called quantitative tightening program.Īnother dynamic for Treasury’s managers to consider is the share of bills, which mature in short-term spans of up to a year, in overall debt outstanding. Meantime, the Fed is shrinking its holdings of Treasuries by up to $60 billion a month, by letting securities mature without replacing them. On Monday, the department boosted its forecast for borrowing in the July-to-September quarter to $1 trillion, from the $733 billion it penciled in in early May. The federal deficit hit $1.39 trillion for the first nine months of the current fiscal year, up some 170% from the same period the year before, showcasing the Treasury’s burgeoning funding needs. Treasury wants to makes sure they are well funded for the next several years.” “It’s a one-way trajectory now for the deficit over the next 10 years, with them getting larger. “There should be well-distributed auction increases across the curve,” besides slightly smaller ones for the 7- and 20-year debt, said Subadra Rajappa, head of US interest rates strategy at Societe Generale SA. That security has been plagued by weak pricing and liquidity since the Treasury relaunched it in 2020. Some dealers predict the 20-year bond will be singled out for no change in size.
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