Wall Street turns on Scott Bessent
The Treasury secretary’s credibility as a steward of U.S. financial markets is under threat. Wall Street celebrated when President Donald Trump tapped Scott Bessent to lead the Tre...
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The Treasury secretary’s credibility as a steward of U.S. financial markets is under threat. Wall Street celebrated when President Donald Trump tapped Scott Bessent to lead the Tre...
“Treasury Secretary Scott Bessent faces a major test of his economic diplomacy skills this week as he presses finance leaders from the G20 major economies to shrink global trade im...
Treasury Secretary Scott Bessent’s plans to intervene in bond markets have drawn widespread criticism, including from a prominent former mentor.
Most recent Treasury Secretary predecessors came from what is known as the sell-side of finance, but Scott Bessent, with a decades-long hedge fund career, is different.
The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”
Everything you need to know before you reach the office this morning.
Thirty-odd years ago, the Treasury Secretary was one of the speculators who broke the Bank of England in a famous trade. Now he’s on the other side of the markets, struggling to co...
Despite Scott Bessent’s efforts, investors worry something is up
The U.S. Treasury is set to double the size of its buyback operations for long-dated bonds to at least $4 billion per operation, up from a $2 billion ceiling.
We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
Wall Street investors say move to buy more long-term US debt is a ‘band-aid on a bullet hole’
by Jack McGeever at CDN - Treasury Secretary Scott Bessent dared currency traders to bet against his efforts to strengthen the Japanese yen Tuesday, arguing his position gave him...
Trump ally should cut budget deficit rather than try to suppress bond yields, says billionaire Stanley DruckenmillerScott Bessent’s attempt to calm the bond markets and push down A...
Treasury Secretary Scott Bessent has vowed to step up efforts to restore calm to the debt markets. So far, it’s not working out that way.
“The Treasury Department’s announcement of a bond buyback stemmed a selloff—but not for long,” the Wall Street Journal reports. Financial Times: Bessent takes on bond vigilantes in...
“Why would I want to blow up the global financial system?” Treasury Secretary Scott Bessent said during a press conference earlier this week, while discussing Iran. In our history,...
Financial markets are tightly connected, even when those connections aren’t obvious. A currency move in Tokyo can ripple into mortgage rates in … Source
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