Lack of Issuance Could Bring Some Respite to U.S. Treasurys This Week
Dow Jones
Sep 28
0534 GMT - U.S. Treasurys could see a respite this week, but no obvious catalyst for a large rally is visible either unless there is material progress toward lower oil prices, says Jason Williams at Citi in a note. Cumulatively the front-end repricing over the past month has reached historic levels since the 90s, so valuations could be temporarily stretched, the strategist says. Treasury supply was likely a partial driver of last week's selloff, and this week has no Treasury auctions, he says. "So far in 2026, Treasurys have tended to sell off more so on auction weeks than no supply weeks."
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