A teachable moment this morning about how the federal government plans to borrow all that

money between now and New Year's?

I'm David Brunkacho, the Federal Reserve will wrap up its two-day meeting on interest

rates later today with Chair Jerome Powell's news conference that could contain hints about

where rates go from here, and investors are focusing on something else.

The Treasury Department will reveal the mix of bonds they'll use to borrow through the

rest of the year.

Marketplaces Nancy Marshall-Genzer has more on why the pros are watching this.

Four times a year, the Treasury Department announces how much the government will borrow

and how it will borrow for that quarter and in the near future.

It's usually a snooze fest.

More in Stanley Global Chief Economist Seth Carpenter made those dry announcements years

ago when he was at the Treasury Department.

The hard of the objective when I was doing the press conferences was not to make headlines.

But no more.

The interest rate the government pays on the bonds it issues to borrow money has soared,

getting investors attention.

Things like mortgages are tied to bond rates, so Carpenter says they're getting pricier

too.

When the 10-year treasury goes up, the 30-year mortgage rate goes up and we've seen mortgages

up around 8%.

And the Fed didn't have to lift a finger.

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