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Treasury

All articles tagged with #treasury

politics8 minutes ago•3 min saved

Treasury under scrutiny after employee’s death over safeguarding and duty of care

David Moffat, father of Chloe Moffat, a Treasury employee who died after a meeting alleging she had shared confidential information, says there was no safeguarding and that the Treasury failed in its duty of care. A coroner found the meeting contributed to her death and that the Treasury did not apply its disciplinary policy. The Treasury says it will learn lessons, has introduced changes to guidance and wellbeing arrangements, and will meet the family to discuss actions and possible redress.

via BBC|

#chloe-moffat #duty-of-care #inquest

world9 hours ago•6 min saved

Iran pressure gamble risks prolonging war and roiling oil markets

Treasury Secretary Scott Bessent’s new “economic D-Day” plan to squeeze Iran with sweeping sanctions aims to force Tehran to the negotiating table, but analysts warn it could fail to end the war and may prolong the conflict while keeping energy markets volatile, as Iran hints at further retaliation and China resists unilateral sanctions.

via Politico|

#energy-markets #iran #oil-prices

business12 hours ago•5 min saved

Druckenmiller warns that Treasury's bond-buyback plan may fail without fiscal discipline

Billionaire investor Stanley Druckenmiller argues in a Wall Street Journal op-ed that Treasury Secretary Scott Bessent's plan to double long-dated bond buybacks is unlikely to durably lower yields and could damage the Treasury's credibility unless Washington tackles the primary deficit; he calls the approach a subsidy to procrastination and urges letting markets set debt prices, noting that some market players say Fed involvement might be needed for any lasting impact.

via CNBC|

#bond-yields #business #buybacks

economy14 hours ago•22 min saved

US debt hits $40T as JPMorgan calls bond-buyback plan a 'mortgage with a credit card'

JPMorgan’s James Sullivan compared the Treasury’s plan to buy back longer-dated bonds with new, shorter-term issues to “paying your mortgage with your credit card,” a short-term fix meant to stabilize markets as U.S. debt climbs toward $40 trillion. The move briefly moves long-bond yields lower but is not a cure for the underlying debt burden, which global institutions estimate at about $350 trillion. The Treasury plans to expand liquidity-support bond buybacks to roughly $4 billion per operation for 10- to 30-year notes through 2026, with details set to be announced on Nov. 4; analysts warn the strategy defers the problem and could backfire if rates rise further.

via Yahoo Finance|

#bonds #buyback #debt

budget-tax-and-economy1 day ago•22 min saved

Treasury's bond-market fix falls short — what's next?

Treasury officials have rolled out buybacks and other tools to calm a selloff in long-dated Treasurys, but long-term yields remain elevated and market skeptics say liquidity moves don’t tackle the underlying rise in the national debt. With deficits ballooning and the government needing to finance growing borrowing, more measures are likely, even as tensions between the Treasury and the Fed – including expectations set for Jackson Hole – shape how policy is priced into markets and influence borrowing costs across mortgages, cars, and other loans.

via Yahoo Finance|

#bond-market #budget-tax-and-economy #debt

economy1 day ago•4 min saved

Treasury Could Fund Bigger Bond Buybacks With Near-$1 Trillion Cash Reserve

Treasury officials say the near-$1 trillion General Account (TGA) could be used to back larger long‑term bond buybacks, potentially influencing yields; the plan would rely on discretionary cash and selling short-term bills, though specifics and market impact remain uncertain amid skepticism about the operation’s effectiveness.

via CNBC|

#bond-buybacks #economy #fiscal-policy

markets2 days ago•31 min saved

Treasury's bond-market push stalls as yields stay high — what's next?

Market turmoil over U.S. debt isn’t cured yet: Treasury’s plan to calm the long‑dated bond market with buybacks and new tools has cooled but not stopped the sell‑off. The 30‑year yield sits around 5.28% and the 10‑year around 4.74% as traders doubt fixes address financing a huge and growing national debt, funded by a multitrillion‑dollar year‑to‑date deficit. Analysts say more steps are coming before November, while tension between Treasury and the Fed at Jackson Hole keeps markets on edge.

via MarketWatch|

#bond-market #buybacks #debt

world2 days ago•2 min saved

US readies toughest-ever sanctions to isolate Iran, says Treasury chief

US Treasury Secretary Scott Bessent says Monday's announcement will unveil what he calls the toughest-ever sanctions on Iran to isolate its economy and pressure allies; Iran dismisses the threat, and analysts warn Iran still has disruptive capabilities, leaving the outcome uncertain.

via CNBC|

#economy #iran #sanctions

economy-and-politics3 days ago•31 min saved

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

economy3 days ago•3 min saved

Treasury's Bond Buybacks Rekindle Strong-Dollar Debate

The Treasury unveiled plans to double the size of long-term bond buybacks to remove illiquid issues, a move analysts say could keep yields contained while effectively reducing long-term debt supply. Markets are interpreting this as a potential pivot away from strict strong-dollar orthodoxy, reigniting debate over the U.S. stance on currency value amid fiscal pressures and policy uncertainty.

via Axios|

#bond-buyback #currency-exchange #economy

finance4 days ago•9 min saved

Treasury Faces Staffing Crunch as Iran Strategy Expands

As the Trump administration sharpens economic pressure on Iran, Treasury Secretary Scott Bessent relies on a shrinking inner circle while seven Senate-confirmed officials depart since 2025. The exodus—amid a broad, high-stakes policy agenda from debt management to sanctions—could strain the department’s ability to coordinate economic pressure, manage markets, and sustain a wartime-level sanctions effort, even as Bessent pushes for aggressive action against Iran and tighter financial diplomacy.

via Politico|

#finance #iran #sanctions

investing4 days ago•27 min saved

30-Year TIPS Reopening Yields 2.973% Real Return, Highest Since 2001

The Treasury reopened a 30-year TIPS, delivering a real yield to maturity of 2.973%—the highest for the term since 2001—after Treasury buybacks of long-term Treasuries briefly pushed yields lower before rebounding. The issue priced at 88.317, implying a $9,101.51 cost for a $10,000 par with an inflation index around 1.0306 and a 2.375% coupon; the 30-year inflation breakeven rate sits near 2.26%, suggesting long-run inflation protection. Investors see a near-zero real-risk return if held to maturity, though concerns about market manipulation and reinvestment risk temper the allure.

via https://tipswatch.com/|

#inflation #investing #real-yield

economy4 days ago•2 min saved

US Debt Reaches $40 Trillion, Framed by Four Contextual Charts

The U.S. national debt has topped $40 trillion, up from about $5.8 trillion in 2000, equating to roughly $116,800 per American. The article uses four charts to illustrate overall growth, how debt has risen under different presidents, the history of deficits vs. surpluses (the last surplus was in 2001), and a visualization comparing $1 trillion to median household income to convey scale. It notes pandemic-related spending as a major driver, with the largest dollar increase occurring during Biden’s term, while the debt’s path reflects years of spending and revenue gaps across recent administrations.

via KOCO|

#debt #deficits #economy

business4 days ago•4 min saved

Bessent's Bond Gambit Backfires, Inflation Fears Rise

Treasury's plan to massively expand long-dated debt buybacks to boost market liquidity has lifted inflation expectations and pushed key yields higher: the 10-year breakeven around 2.34% (also seen on the 5-year), while 10-year and 30-year yields rose to roughly 4.73% and 5.27%. The Treasury insists the buyback isn’t aimed at tamping yields, but the move has spurred inflation worries as markets weigh policy risks ahead of Fed Chair Warsh’s Jackson Hole speech.

via CNBC|

#breakevens #business #debt-buyback

finance4 days ago•19 min saved

Bond Yields Rebound as Treasury’s Buyback Plan Struggles to Calm Markets

Bond yields rose for a second straight day, with the 30-year around 5.27% and the 10-year near 4.73%, as markets price in the Treasury’s Sept. 9–Nov. 4 plan to double long-dated bond purchases in an effort to lower yields. Analysts remain skeptical this will offset fading Fed credibility or higher rate expectations amid inflation fears and a surge in corporate debt issuance, and critics call it debt reshuffling rather than a true reduction, even as US debt tops $40 trillion. The episode highlights ongoing policy risks for borrowing costs.

via Yahoo Finance|

#bond-yields #debt-buyback #fed-policy