Although politicians and the press have generally referred to what has been happening in the federal government since Tuesday, Oct. 1 as in a “shutdown” or “partial shutdown,” that did not prevent the U.S. Treasury from being open for business on Thursday–the third day of the “shutdown” and issuing $106.291 billion in new debt, according to the Daily Treasury Statement released at 4:00 p.m. on Friday.

Despite selling that $106.291 in new Treasury securities, the net value of extant U.S. Treasury securities did not increase because on the Treasury also redeemed $111.330 billion in maturing Treasury securities. That means the net value of U.S. Treasury securities held by the public actually decreased by $5.039 billion. –