Treasury Market Set for a Respite From Record Supply Onslaught
- Most dealers see note, bond auctions steady, TIPS increasing
- ‘Treasury is pretty well funded now,’ says NatWest’s Gwinn
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The world’s biggest bond market is set to get a reprieve from the past year’s torrid onslaught of ever-increasing auction sizes.
Most Wall Street dealers predict Treasury Secretary Janet Yellen’s debt managers will hit the pause button for the next few months, after the department hoisted long-term auctions to unprecedented sizes the last three quarters to finance pandemic relief. Officials will announce their issuance plans on Feb. 3.