US Treasury Sparks Debate Over Auction Cutbacks to Temper Yields

The US Treasury triggered debate this week about something that’s for years been an article of faith about the world’s biggest bond market: the government’s auctions of notes and bonds will just have to keep getting bigger. The US Treasury triggered debate this week about something that’s for years been an article of faith about the world’s biggest bond market: the government’s auctions of notes and bonds will just have to keep getting bigger.