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Bessent

All articles tagged with #bessent

Druckenmiller: AI Helped Write WSJ Op-Ed Criticizing Bessent’s Bond Moves
business3 hours ago

Druckenmiller: AI Helped Write WSJ Op-Ed Criticizing Bessent’s Bond Moves

Billionaire investor Stanley Druckenmiller acknowledged that his Wall Street Journal op-ed criticizing Treasury Secretary Scott Bessent’s bond-market interventions was written with artificial intelligence. The admission, supported by AI-detection tools, has intensified the debate over AI’s role in opinion writing, even as the WSJ editor defends the piece as Druckenmiller’s genuine view. Druckenmiller notes he used AI as a writing aid but maintains the message is his.

via News of the United States - NOTUS|
#ai#bessent#bond-market
Prediction Markets Skeptical Bessent’s Moves Will Lower Treasuries’ Yields
markets1 day ago

Prediction Markets Skeptical Bessent’s Moves Will Lower Treasuries’ Yields

Prediction-market traders on Kalshi and Polymarket expect the 10-year Treasury yield to stay around current levels or rise in 2026 rather than fall significantly, despite Treasury Secretary Scott Bessent’s efforts. Kalshi traders assign a 56% chance the 10-year ends 2026 at or above 4.75%, with just a 27% chance above 5%; Polymarket traders put two-in-three odds on the yield crossing 4.8% at some point in 2026. With the yield near 4.7% mid-day and debt surpassing $40 trillion, along with buyback tweaks and potential use of the General Account, traders see any declines as likely temporary.

via CNBC|
#bessent#kalshi#markets
Oil Dips as U.S. Iran Sanctions Push Raises 'Economic D-Day' Stakes
energy1 day ago

Oil Dips as U.S. Iran Sanctions Push Raises 'Economic D-Day' Stakes

Oil prices fell about 2% in early Asian trading as traders lock in profits ahead of a new U.S. sanctions package targeting Iran that Scott Bessent labeled an 'economic D-Day.' The market reaction comes as Tehran signals mixed responses and authorities tighten control of Hormuz shipping; analysts warn that the measures could tighten Iranian exports if buyers are deterred, with CENTCOM noting vessel redirections and Iran warning that involvement could be an 'act of war.'

via Crude Oil Prices Today | OilPrice.com|
#bessent#energy#iran-sanctions
Treasury's Twist Tests Warsh's Fed Credibility
economy-and-politics3 days ago

Treasury's Twist Tests Warsh's Fed Credibility

Treasury Secretary Scott Bessent signaled an activist market move to lower long-term debt costs by buying long-term bonds and financing the purchases with short-term T-bills, a plan to twist the yield curve. Analysts say the move undercuts Fed Chair Kevin Warsh's credibility and the Fed's independence, raising concerns about fiscal dominance and potentially higher borrowing costs for taxpayers despite some near-term yield relief.

via MarketWatch|
#bessent#economy-and-politics#fed
finance6 days ago

Tiny Buybacks, Big Market Headwinds: The Limits of a Treasury Yield Fix

Treasury Secretary Scott Bessent announced an expansion of long-term debt buybacks to at least $4 billion per operation (Sept. 9–Nov. 4) to ease a selloff in 10- and 30-year Treasuries. Markets briefly rallied, but yields soon drifted higher again, underscoring analysts’ view that the move is a limited liquidity fix rather than a cure for the broader forces pushing up long-term borrowing costs—inflation, deficits, and other fiscal and global pressures ahead of the midterms.

via politico.com|
#bessent#bond-yields#buybacks
Trump’s plane switch put Rubio and Bessent on the decoy Air Force One
politics11 days ago

Trump’s plane switch put Rubio and Bessent on the decoy Air Force One

At a NATO summit in Turkey, President Trump secretly swapped from the old Air Force One to a smaller plane for security; Rubio and Scott Bessent stayed aboard the decoy Air Force One, with Rubio reportedly aware of an Iran-linked assassination threat and Bessent likely aware. The move was directed by the Secret Service and military and involved other aides on the smaller aircraft, underscoring the high-security nature of presidential travel.

via The Hill|
#air-force-one#bessent#decoy-plane
Bessent’s Bond-Market Play: Treasury Bets to Cool Long-Term Yields
finance15 days ago

Bessent’s Bond-Market Play: Treasury Bets to Cool Long-Term Yields

Traders see US Treasury Secretary Scott Bessent’s moves as an effort to ease pressure on long-term yields, including currency intervention to support the yen, signaling openness to Fed tools and potential reductions in long-bond sales. Taken together, the steps aim to prevent further spikes in long-end borrowing costs amid inflation and large deficits, though the ultimate impact will hinge on inflation data and debt dynamics.

via finance.yahoo.com|
#bessent#bond-market#finance
Treasury Sticks to Guidance as Debt-Sales Debate Intensifies
finance22 days ago

Treasury Sticks to Guidance as Debt-Sales Debate Intensifies

Bloomberg reports Treasury debt-management chief Scott Bessent has rebuffed Wall Street’s push to tweak the guidance on future U.S. debt sales, sticking with a bills-heavy funding path to curb long-term borrowing costs even as yields rise; while some banks warn of a widening funding gap into 2027–2030, most expect no near-term change before next week’s refunding auctions of about $58B in 3-year notes, $42B in 10-year notes, and $25B in 30-year bonds.

via Yahoo Finance|
#bessent#debt-issuance#finance
Bitcoin Eyes Breakout as Clarity Act Nears Senate Passage
markets1 month ago

Bitcoin Eyes Breakout as Clarity Act Nears Senate Passage

Crypto markets stirred after signs Washington is moving toward a clearer rulebook for digital assets: Bitcoin climbed about 2.5% toward $67,000, Coinbase rose as much as 13%, and Ether traded around $1,950 after Scott Bessent said lawmakers were at the ‘1-yard line’ on the Clarity Act, with analysts noting an improved technical and institutional backdrop and suggesting a breakout could follow if the bill clears Congress before recess.

via Bloomberg.com|
#bessent#bitcoin#clarity-act
Trump’s Mueller death post sparks polarized reactions across the spectrum
national-news5 months ago

Trump’s Mueller death post sparks polarized reactions across the spectrum

Donald Trump posted on Truth Social that he was glad Robert Mueller had died, triggering sharp backlash from Democrats and many Republicans, while a small group of Trump supporters defended him. Treasury Secretary Scott Bessent defended the president by urging empathy for what Trump and his family have endured, and commentators including Ty Cobb criticized the reaction as petty and undignified, illustrating a split in public and political response.

via New York Daily News|
#bessent#donald-trump#national-news
Waters' ‘Can you shut him up?’ moment spotlights tariffs and inflation debate
business6 months ago

Waters' ‘Can you shut him up?’ moment spotlights tariffs and inflation debate

During a House Financial Services hearing, Rep. Maxine Waters pressed Treasury official Scott Bessent as he argued tariffs are not inflationary, while Waters warned tariffs have raised prices on goods and housing costs. Analysts note tariffs can create one-time price increases and financial uncertainty, whereas unemployment tends to spike briefly before easing. The discussion also touches on housing affordability, with lumber prices and immigration cited as factors in supply and demand. The piece frames tariffs’ real-world impact as central to voters’ views on affordability ahead of the 2026 elections.

via CNN|
#bessent#business#housing
Bessent's Davos Playbook Quietly Keeps Markets Calm on Greenland
business7 months ago

Bessent's Davos Playbook Quietly Keeps Markets Calm on Greenland

At Davos, Treasury Secretary Scott Bessent acted as the administration’s market whisperer, publicly defending Trump’s Greenland tariff pressure as a national-security lever and urging investors not to overreact, while privately reassuring Wall Street and steering a neutral four-way Fed chair shortlist. His aggressive public stance aimed to show market steadiness even as tariffs fluctuated, helping markets recover after early volatility and underscoring his central role in balancing Trump’s economic agenda with financial-market expectations.

via CNN|
#bessent#business#davos