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The roughly $50 billion in financing, which will also include around $12 billion in junk bonds and $7.5 billion in loans, may start as soon as the next couple of weeks.

Real GDP expanded 2.1% on an annualized basis in Q1/2026, topping economists' forecast for a 1.7% increase.

The head of BofA's commodities and derivatives research underscores the potential for persistent economic disruption from higher-for-longer prices after the Iran war spurred an 80% run-up in oil prices this year.

The longest portion of the offering, a 30-year security, may yield about 1.05 percentage points above Treasuries.

Bi-partisan support for Fed picks used to be the rule, rather than the exception.

The PPI data reinforces Federal Reserve officials' views that inflation should remain their top concern in the face of the war-driven surge in oil prices.