0536 GMT - Investors remain nervous about the U.S. Treasury market's safe haven status, despite the easing of recent market volatility, says rates strategists at TD Securities. In the backdrop is investor concern surrounding the direction of U.S. finances. "This could lead to further term premium increases, a steeper curve, increased worries about Treasury auctions, and a possible ratings downgrade," they say. TD Securities expects the Treasury curve to steepen further--meaning a widening gap between short- and long-dated bond yields. The U.S. Treasury is likely to take steps to keep financing costs lower, leaning more heavily on Treasury bill supply in the next several years and possibly even trimming long-end auction sizes, the strategists say. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 01:36 ET (05:36 GMT)
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