Bessent indicates gradual adjustments to Treasury issuance, anticipates strong market supporting affordability

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Nov 12 2025

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Source: SeekingAlpha

Treasury Market Performance: Treasury Secretary Scott Bessent highlighted that the U.S. Treasury market is robust and has delivered a total return of about 6% year-to-date, marking its best performance since 2020.
Issuance Strategy: The Treasury will maintain a "regular and predictable" issuance framework while gradually adjusting coupon issuance to avoid market disruptions, with no changes to auction sizes expected in the near term.
Demand and Flexibility: There is increasing demand for Treasury bills from various sectors, including money market funds and banks, which provides the Treasury with flexibility in managing borrowing needs.
Future Adjustments: Bessent emphasized that the Treasury will remain responsive to changes in investor demand and will consider adjustments to its issuance policy as necessary to meet debt management goals.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.