The extraction of liquidity is still ongoing. The US Treasury Department will issue US $125 billion worth of treasury bond to repay approximately US $94.2 billion of privately held treasury bond that will expire on May 15, 2025. This issuance will raise approximately $30.8 billion in new funding from private investors. This is the auction of three-year and 10-year treasury bond, and the next auction of 30-year treasury bond is on May 8.