Hedge fund study on U.S. Treasury issuance fuels debate

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Hedge fund study on U.S. Treasury issuance fuels debate

By Davide Barbuscia NEW YORK (Reuters) – A hedge fund study that said the U.S. Treasury last year effectively provided economic stimulus by moderating long-dated bond sales has sparked a debate in the bond market and a denial from the U.S. Treasury that said it was not aiming for such an effect. The U.S. Treasury Department announced in November it would slow the pace of auction size increases of long-dated debt securities, a move that gave …