Wall Street Isn’t Sure It Can Handle All of Washington’s Bonds

The autumn bond rout is challenging Wall Street’s longstanding belief that the U.S. government can’t sell too many Treasurys.

  • The steep declines in prices of Treasurys—meant to be the world’s safest and easiest-to-trade investment—are forcing markets to confront the possibility that the rates required to place all this debt will be higher than anyone expected.

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