New US Treasury IOUs around the globe have totaled more than $3 trillion annually in recent years, fueled by close to 500 treasury auctions per year.

Question

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The U.S. Treasury does issue IOUs (in the form of Treasury bonds, notes, and bills) totaling in the trillions of dollars annually, but the number of Treasury auctions per year is significantly less than 500. Typically, the Treasury conducts around 300 auctions per year.

New US Treasury IOUs Around the Globe Have Totaled More