The US$6.3t frenzy that vanquished Treasury bears

New York

WHEN it comes to the ability of the US government to finance itself in the bond market, this year will go down as one of the best on record - and dealers say 2015 will be no different.

The smallest budget deficit since 2008, a soaring dollar and yields on Treasuries that are higher than more than a dozen other developed nations in Europe and Asia will probably combine to bolster demand at US debt auctions. That's even after the Federal Reserve ended its bond buying in October.

"Ther…