June 2009 ... 97 Issuers... 339 billion
May 2009 ... 101 Issuers... 346 billion
April 2009 ... 99 Issuers ... 334 billion
May 2009 ... 97 Issuers ... 336 billion
The Temporary Liquidity Guarantee Program has spewed out about a third of a trillion of these 'industrial' treasuries and maintained that level for the last four months.
Although originally envisioned as short-term as of June 30, 2009 terms at issuance of over 2 but less than 3 years totaled 23.6%, and terms over 3 years totaled 38.4%.
I expect we'll break the cap, which is twice this level, and extend it several times.
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