Bessent Says He Knows Something Bond Market Doesn’t
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Bessent, Kevin Warsh
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An exodus of top Treasury officials comes as Secretary Scott Bessent is poised to play an even larger role in the Iran war.
The Treasury Secretary surprised markets by buying back more long-term debt to lower yields.
"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."
Treasury Secretary Scott Bessent says he cannot explain Thursday's oil price spike, but lawmakers and commentators think the answer is obvious, and it involves a war now closing in on six months with
In an interview with Newsmax host Carl Higbie, Vice President J.D. Vance said the administration has a plan to address the nation's $40 trillion debt, arguing that economic growth must outpace the growth of the national debt.
US Treasury Secretary Scott Bessent said increased buybacks of Treasury securities announced this week could be more than $4 billion per issue.
Bessent’s effort to tamp down long-term Treasury yields could force Warsh to clarify how far the Fed should go in coordinating on bonds and the balance sheet.