Can we start a GoFundMe for the All-In Pod to take an economics class? Pausing a scheduled bond auction happens at time of major crisis like the debt ceiling shutdown or 9/11. It’s a bad signal to the market and *hurts* rates. The reason bonds are valuable is they are “the full *faith* and credit of the United States” People expect stability and consistency from them. If the US changes its auction cadence as a forward looking policy, that’s one thing. But, once planned and announced, every single step and touch point of that operation should be as unwavering and non-negotiable as possible. Any deviation from that is detrimental to the market. It is certainly not the kind of thing you do, over short term knee-jerk reactions, because you’re facing down an opponent in a self-inflicted trade war.