Yields Jump as Bessent’s Market Bets Meet Reality
TL;DR Summary
Treasury Secretary Scott Bessent’s boast that investors should bet against him is met by a bond market that sent borrowing costs higher, signaling investors’ skepticism of his currency and Iran-related intervention bets.
- Bond Market Rebukes Bessent by Sending Borrowing Costs Ever Higher The New York Times
- Why the US Treasury Is Battling the Bond Market and What Investors Can Do About It Morningstar
- Bessent’s Latest Buyback Move Leaves Investors Wanting More WSJ
- Treasury Secretary Scott Bessent Is Tripling the Government's Bond-Buying Program, but the Bond Market Doesn't Care (and With Good Reason) Yahoo Finance
- Scott Bessent’s attempts to suppress interest rates could spark a recession New York Post
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