Allow me to put my electronics teacher hat on....
You hear a lot of strange things about wire and cable. (If you want to experience the deep end, just look at material put out by the audiophile cable companies.) Most of them are true for some kinds of signal in some situations but inconsequential for other situations. For instance, if you are working with old-style video or cable TV, you have to make sure the length of cable between connectors does not set up a harmonic resonance (ghost) given the cable type and signal frequency. This is seldom a problem with audio signals because the wavelengths involved are huge compared with the amount of wire in the typical living room. However, old-timers will remember echoes on long distance phone calls.
Twisting wires reduces interference, both broadcast and received. Twisting is absolutely required for small signal applications such as microphones, long distance telephony and multi-pair Ethernet cable. Otherwise you will pick up power line hum, radio stations and even astronomical sources. Twisting is a good idea if you are running high voltage, high frequency signals such as in a TV flyback circuit. This will reduce the amount of broadcast interference.
Twisting wires together does increase the capacitance between them. When you buy commercial cable, the capacitance per foot is specified and you can decide if it will work with the associated circuit. The key here is the amount of current we are moving around. If you are dealing with tiny amounts of current (as for instance with an electric guitar) the amount of current that can leak through the capacitance is significant, especially as there is more leakage as the frequency goes up. This removes the sparkle from a guitar and will make Ethernet lose data. If we are talking about loudspeaker wiring where the currents are much higher, capacitance is not significant until it reaches the point where the amplifier goes unstable. Since DCC moves enough current to power a locomotive, loss of high frequency (which messes up the edges of those nice square waves shown in the books) is not noticeable. In fact, since the decoders react to the width of the dancing waveform, the actual shape has no effect at all.
The DCC spec says "The exact shape of the NMRA digital signal shall be designed to minimize electromagnetic radiation such that a large layout operated using this standard can meet applicable United States Federal Communications Commission interference requirements." Running afoul of the FCC is such a PITA that the manufacturers (who will get the blame) may be specifying twisted buss wires to cover every possibility of interference. Twisting the buss wires pretty much eliminates them as a source of interference.
It is true that the rails themselves are an antenna, but they are not very efficient at the DCC frequency. No radios are tuned to that frequency, so interference picked up will be on the internal wiring. My C Crane radio will pick up the DCC signal if it is within a meter of the track. (The buss wires on my test setup are twisted, shielded and about eighteen inches long.) A well shielded condenser microphone picks up nothing, but the simple mics on some video cameras may. The radio picks up interference at a similar distance from my computer, printer, and TV set. These all have FCC approval, so a DCC layout is probably in compliance. The instructions for the mentioned devices all say in case of interference, move your radio.
Interestingly, holding two wires parallel is also a fairly effective way of reducing interference (remember TV twin-lead?), and track certainly does that. However, my guess (I haven't done the math) is that it would work better for Z gauge than for HO.
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