The shift follows an analysis from Citigroup suggesting that the rise of artificial intelligence is eroding the traditional demand from pension funds for long duration debt. By curbing the supply of long dated bonds, the Treasury may mitigate the risks associated with a declining pension bid in the securities market.
Tuesday, October 20, 2026
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Scott Bessent to Scrap 20 Year Bond Sales
US Markets8 days ago
The US Treasury is expected to shrink the volume of securities sold in its long term debt auctions, Citigroup said. Treasury Secretary Scott Bessent is likely to reduce overall auction sizes for long dated government bonds, a strategy that could include eliminating the issuance of 20 year debt entirely. These changes would target the long end of the bond market to alter the government's funding profile.
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