'Anything Within 24 Hours Is a Noise…': Treasury Secretary Bessent Reacts to Shock Oil Price Jump
6 Articles
6 Articles
'Anything within 24 hours is a noise…': Treasury Secretary Bessent reacts to shock oil price jump
“Anything that happens within a 24-hour period is noise,” US Treasury Secretary Scott Bessent tells reporters, responding to a question about the bond market erasing gains since the Trump administration’s decision to increase buybacks of longer-dated bonds.
Top economist on Trump's 'deadly cocktail' for the bond market — and how the bond vigilantes have crossed Scott Bessent's 'red line'
"The bond vigilantes have come out of hibernation," Johns Hopkins' Steve Hanke told Fortune, and "the inflation genie is out of the bottle."
For the second time in a month, the US Treasury Secretary is intervening in the markets with unconventional methods to cover up the real problem, it says.
Bond market panic plagues Treasury Secretary Scott Bessent
The bond market, that great and grumpy oracle of American finance, has finally shouted its verdict from the rooftops, and the news is not fit for polite company. Long-term Treasury yields on Monday shot to their highest point since 2007, a spike that sent a shudder through every corner of the economy and forced TreasuryContinue reading "Bond market panic plagues Treasury Secretary Scott Bessent" The post Bond market panic plagues Treasury Secret…
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