Treasury Sticks to Guidance as Debt-Sales Debate Intensifies
Bloomberg reports Treasury debt-management chief Scott Bessent has rebuffed Wall Street’s push to tweak the guidance on future U.S. debt sales, sticking with a bills-heavy funding path to curb long-term borrowing costs even as yields rise; while some banks warn of a widening funding gap into 2027–2030, most expect no near-term change before next week’s refunding auctions of about $58B in 3-year notes, $42B in 10-year notes, and $25B in 30-year bonds.