Luke Gromen says annual U.S. Treasury rollover is accelerating as the government leans harder on short-term issuance to avoid higher long-term yields. He warns

Luke Gromen says annual U.S. Treasury rollover is accelerating as the government leans harder on short-term issuance to avoid higher long-term yields. He warns that with refinancing needs rising fast, a 50 bp rate increase could add sharp bond-market pressure.