B · Normal
[JPMorgan Chase: U.S. Treasury bill demand may not keep up with supply in 2027] On October 31, JPMorgan Chase strategists Jay Barry and Pankaj Vohra said in a report that the scale of U.S. Treasury bill issuance is expected to continue to expand—the market will need to absorb a net supply of Treasury bills of $991 billion in 2027—so the key question is whether demand can keep up with supply. "We see some headwinds on this front," the strategists wrote. They expect money market fund assets under management to grow at roughly the same pace as when larger capital inflows occurred in 2024 or 2025, barring major market turmoil similar to the 2020 epidemic shock or regional banking stress in 2023.
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