“The $27 Trillion Treasury Market Is Only Getting Bigger”

“The world’s largest, most-important financial market is growing by leaps and bounds. On Wall Street, that is making people nervous.

Annual issuance of U.S. Treasurys has exploded, nearly doubling since the pandemic began. The government sold a record $23 trillion worth in 2023. And few think the spree is going to slow soon, given the widespread expectation that government spending will continue to rise regardless of who wins November’s elections…”

https://www.wsj.com/finance/the-27-trillion-treasury-market-is-only-getting-bigger-a9a9d170