Fixed income investors face significant challenges in 2024, particularly concerning the maturity of nearly $3 trillion in U.S. debt expected in 2025, largely in short-term notes. The Treasury plans to lengthen this debt's duration, which could complicate the market amidst a projected $2 trillion budget deficit. Strategas Research Partners warns that the cumulative effect of ongoing trillion-dollar deficits could strain T-bill issuance, currently at $2 trillion excess in a $28.2 trillion market. Treasury Secretary Janet Yellen has faced criticism for high bill issuance aimed at keeping financing costs low. Market conditions remain precarious following rising yields and substantial new issuance.
https://instegro.net/the-struggling-bond-market-enters-2025-confronting-significant-debt-challenges/?fsp_sid=4450
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