Scott Bessent draws on hedge fund instincts to help rescue yen
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.
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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 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’s plans to intervene in bond markets have drawn widespread criticism, including from a prominent former mentor.
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.”
“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...
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...
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.
Wall Street investors say move to buy more long-term US debt is a ‘band-aid on a bullet hole’
"Now traders are watching the 'yen carry trade,' where cheap yen borrowing funds bets on higher-yielding assets worldwide, and wondering if it’s about to blow up."
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.
Global financial stability hinges on Japan's bond market, as shifts could disrupt US Treasury yields, complicating debt management strategies. The post Japanese bond auctions may c...
Despite Scott Bessent’s efforts, investors worry something is up
Scott Bessent has said that the CLARITY Act is at the “1-yard line” and urged Congress to pass it before recess, even as Senator Kirsten Gillibrand faces backlash from progressive...
We are approaching a credibility crisis with Scott Bessent and Kevin Warsh leading our economy.
Scott Bessent just launched Operation Economic Outcast against Iran. Treasury hit nearly 60 entities, individuals and vessels tied to Iranian oil, shadow fleets and financial netwo...
Everything you need to know before you reach the office this morning.
Expanded bond buybacks and yen purchases mark an unusually activist approach, but widening deficits could limit its effectiveness
Bitcoin Magazine Treasury Secretary Scott Bessent Urges Lawmakers to Vote on Clarity Act, Quotes Satoshi Nakamoto The Treasury Secretary slammed Democrats for holding back the lan...
Financial markets are tightly connected, even when those connections aren’t obvious. A currency move in Tokyo can ripple into mortgage rates in … Source
U.S. Treasury Secretary Scott Bessent told reporters the G20 was getting back to basics ahead of a full day of meetings at the G20 Finance Minsters meeting in Asheville, NC taking...
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