The Treasury's $1 trillion debt tsunami isn't as scary for stocks as Wall Street thinks, Deutsche Bank says

Janet Yellen.

REUTERS/ Robert Galbraith

• Markets are misguided in worrying over the Treasury's massive debt issuance, Deutsche Bank said.
• Money market funds and foreign central banks will absorb a big chunk of the T-bills coming this year.
• That will minimize the impact on Fed liquidity, which doesn't affect stocks as much as Wall Street thinks, analysts said.

Expectations that the Treasury Department plans to rapidly issue a torrent of new debt have shaken the confidence of investors...