Treasury Secretary Scott Bessent is sending an unusually direct message to financial markets as the Treasury prepares to reveal just how aggressive it is willing to get with its expanded bond-buying program: don’t bet against him. Why it matters: Speaking ...
Treasury Secretary Scott Bessent says last month’s surprise expansion of the government’s bond buyback program was designed to cool what he described as a “fever” developing in the Treasury market not permanently manipulate interest rates. Why it matters: The comments ...
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 ...
Treasury Secretary Scott Bessent said Tuesday that the U.S. could be just days away from reaching an agreement to reopen the Strait of Hormuz, raising hopes that one of the world’s most important shipping lanes may soon return to normal. ...