Economics
Tide of U.S. Debt Set to Recede, Countering Effect of Fed Taper
- Many dealers see cuts to sales of notes, bonds from November
- Pandemic-sparked deficit surge over, CBO projects improvement
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For the first time in more than five years, the U.S. Treasury in coming months will be scaling back its mammoth quarterly sales of notes and bonds, Wall Street dealers say -- in a shift so large it’s likely to more than counter the Federal Reserve’s looming reduction in purchases.