Treasury Secretary Scott Bessent is increasingly finding himself in a fight with one of Washington’s most powerful adversaries: the bond market. The term “bond vigilantes” was coined by economist Ed Yardeni in the 1980s to describe investors who sell government ...
Some of Wall Street’s biggest names are pushing back against Treasury Secretary Scott Bessent’s plan to increase Treasury buybacks, arguing the government is trying to suppress a message the bond market is sending about America’s growing debt. Getting the most ...
The Treasury Department may have considerably more firepower behind its recently expanded bond-buyback program than markets initially assumed, with officials reportedly considering tapping its nearly $1 trillion cash balance to help fund purchases. Why it matters: Using the Treasury General ...
We get jobless claims and a look at Philadelphia manufacturing activity today, but mortgage rates will likely be driven more by the market’s continued reaction to Wednesday’s surprise Treasury buyback announcement. What’s happening: The Wall Street Journal’s Sam Goldfarb, Brian ...
The Treasury Department is dramatically increasing its purchases of longer-term U.S. government debt, a surprise announcement Wednesday that helped send long-term Treasury yields sharply lower. Why it matters: The move is designed to improve liquidity in parts of the Treasury ...
Long-term Treasury yields continue to surge despite improving inflation data, a potentially troubling signal that investors are becoming more concerned about government debt and long-term fiscal policy. What’s happening: Bloomberg’s Greg Ritchie notes that the selloff isn’t isolated to the ...
After strong demand for 3-year and 10-year Treasury debt earlier this week, Thursday’s 30-year bond auction delivered a much weaker finish. Why it matters: Weak demand for long-term government debt can push Treasury yields higher, potentially putting upward pressure on ...
Investors showed solid demand for U.S. government debt Wednesday, with the latest 10-year Treasury auction delivering another encouraging result for a bond market increasingly focused on the government’s borrowing needs. Why it matters: Strong Treasury auctions signal that investors remain ...
Demand for U.S. government debt remained strong Tuesday as investors showed up in force for the Treasury Department’s latest 3-year note auction. Why it matters: With concerns growing about the amount of debt the U.S. government needs to issue, strong ...
From Washington to Wall Street, and increasingly around the world, investors and policymakers are becoming more concerned about rising debt and the higher interest rates needed to finance it. In Washington: Bloomberg’s Greg Ritchie, Michael MacKenzie and Ye Xie reported ...