Election 2010: Teabaggin' the Ds & Rs

[sgtclub]

Originally Posted by Cletus Miller

So, everyone expects SS to sell the bonds on the open market? Assuming that these have higher coupons than the current-issue bonds, doesn't that mess with our current year general fund debt issuance?

I've been under the assumption that Treasury issues new bonds to finance the maturing bonds held by the SSTF. It's a refi.