Treasury Dealer Meeting Agenda: dealers were queried on normalization
Treasury Dealer Meeting Agenda: dealers were queried on normalization prospects around the globe. The debt managers want an assessment of what will be the impact on demand for Treasuries and term premiums for the various tenors. The also asked whether the impact will be transitory or structural. What, if anything, should the Treasury do with respect to issuance in response to these potential changes. Dealers were also asked to comment on the evolution of technological innovations and business models, and how are the dealer-to-dealer and dealer-to-client spaces evolving. Are market participants' behaviors changing in response: What are the impacts on liquidity? Also, how might these changes affect Treasury auction process over the next five years. The dealer meeting for the November refunding on November 1 will be held on October 26, 27.