US Treasury Counters ‘Misconceptions’ Over Debt-Sales Strategy
- Senior Treasury official Frost is set to speak Thursday
- Frost gives most detailed remarks on issuance in over a decade
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The top US Treasury official overseeing sales of federal debt securities is set to push back Thursday against claims that the Biden administration has departed from long-standing issuance practices over the past year.
Josh Frost, the Treasury Department’s assistant secretary for financial markets, will offer what amounts to the most extensive discussion of the issuance of Treasuries — the world’s largest fixed-income market, where some $900 billion of securities are traded on average each day — in well over a decade.