Tag
scott bessent
25 articles
Treasury Buyback Fails to Stem 10-Year Surge to 4.85%
Scott Bessent's $6 billion bond repurchase operation backfired Wednesday as the 10-year yield hit its highest level since November 2023, signaling market rejection of official yield management.
Treasury Triples Buyback Cap to $6 Billion, Targets Long End Through November
U.S. Treasury launches expanded debt repurchase program targeting 10-year-plus securities, signaling active management of long-end supply and duration risk.
Treasury's $6B Buyback Fails to Halt 10-Year Climb to 4.85%
The U.S. Treasury's debt repurchase operation disappoints bond markets, with the 10-year yield hitting a three-year high as investors signal the intervention was too small.
Bessent Deploys Operation Twist as 30-Year Yields Hit 2007 Highs
Treasury expands buyback program targeting the 10-to-30-year curve after long-bond selloff compresses duration demand.
Bessent Attacks Socialism Backers as 'Underachievers' Jealous of Workers
The Treasury Secretary cast support for expanded social programs as driven by personal grievance, not policy conviction, and pointed to Argentina's Milei as proof that free-market ideas win working-class votes.
Bessent Ties Dollar Support to BOJ Rate Hikes — Pressuring September Action
Treasury Secretary Scott Bessent has made U.S. currency intervention conditional on Bank of Japan tightening, converting Japan's domestic policy into a bilateral obligation with real market consequences.
Oil's 3% Drop Pulls Treasury Yields Lower as Jackson Hole Approaches
Brent crude fell to $89.20 a barrel Tuesday as the U.S. chose sanctions over strikes against Iran, removing the geopolitical risk premium and allowing bond markets to rally.
Bessent Pushes G20 to Tackle China's $1.2T Trade Surplus
Treasury Secretary calls for coordinated trade barriers against Beijing while maintaining the $30 billion bilateral tariff-reduction track ahead of the Trump-Xi summit.
Warsh Jackson Hole Speech Friday as Treasury Doubles Debt Buybacks
Fed Chair Kevin Warsh's keynote at Jackson Hole comes as Treasury expands repurchases of off-the-run debt, keeping yield-curve traders on alert for policy signals.
Bessent's Bond Buyback Doubles, Cuts 30-Year Yield 8 Basis Points
Treasury expands debt repurchases, 30-year yield falls to 5.18 percent, and swap markets confirm the intervention is gaining traction
JPMorgan AM: Fed's 9-3 Vote Shows One-and-Done Ceiling, Not Tightening Cycle
The sharpest FOMC dissent in years clusters among rotating bank presidents, not Governors—the structural composition that shapes consensus argues against sustained rate hikes.
Syria Removed From U.S. Terror List After 47 Years
Washington delisted Syria on Aug. 24, ending a designation since 1979 and opening the way for private investment under new leader Ahmad al-Sharaa.
Bessent Targets Iran Oil Sales With 60-Plus Sanctions; Major Bank Threatened
Treasury Secretary Scott Bessent announced sanctions on 60 individuals, vessels and entities Monday, with a major financial institution facing designation this week.
U.S. Drives Sweeping Sanctions Campaign Against Iran
Treasury Secretary Scott Bessent announced new secondary sanctions designed to cut off Iran's remaining financial links to the global economy, threatening consequences for any country or company doing business with Tehran.
Treasury's Long-Bond Buyback Is Reallocation, Not Stimulus
The quarterly budget stayed at $38 billion while per-operation ceilings doubled, exposing the gap between what buybacks can accomplish and what markets assumed.
Treasury Doubles Bond Buybacks as Long-End Yields Hit Near-20-Year Highs
Scott Bessent raised the maximum buyback operation size from $2 billion to $4 billion, targeting 10- to 30-year debt after a buyers' strike dating to late June.
U.S. Debt Hits $40 Trillion as Trump Team Touts Secret Growth Plan
Treasury Secretary Scott Bessent and Vice President JD Vance say the economy must outpace debt growth, but economists say the math is close to impossible
US Pushes 'Greatest Economic Isolation' Against Iran
Treasury Secretary Scott Bessent said the U.S. will impose sweeping sanctions and maintain a blockade on Iran, calling on other nations to join the effort to isolate the country economically.
Treasury Yields Whipsaw on Fed Shows; Bessent Policy Stance in Focus
U.S. bond markets swung sharply this week between employment-driven rallies and yield curve steepening, with traders parsing Treasury Secretary Scott Bessent's policy direction amid persistent inflation concerns.
Aegon's Steepener Bet Defies Bessent's Long-Bond Rate Containment
Aegon Asset Management maintains a yield-curve steepener position, betting Fed cuts in 2026 will compress short-end rates while long-term yields hold or rise, despite Treasury efforts to cap borrowing costs.
Treasury Doubles Long-Bond Buybacks to $4B, Targets Yield Compression
Treasury expands liquidity operations in 10-30 year sector to $4 billion per operation, effective Sept. 9, as long-end yields reach multi-year highs
Treasury Sets Hard Deadlines for Stablecoin Licensing Under GENIUS Act
A proposed rule released Monday draws legal boundaries on who may issue or sell payment stablecoins to U.S. customers, with compliance dates in 2027 and 2028.
Treasury Permanently Exempts U.S. Companies From Ownership Reporting
Treasury Secretary Scott Bessent finalized a rule scrapping Biden-era requirements that would have forced roughly 32 million businesses to disclose their beneficial owners to FinCEN.
Bessent Targets 19-Year Yield High With Yen Intervention and Bond Supply Shows
Treasury Secretary Scott Bessent's yen intervention and signals of potential long-bond sale reductions aim to pull U.S. long-term rates off a 19-year high.
Treasury Holds Coupon Auctions Steady, Leans on Bills to Contain Yields
Treasury Secretary Scott Bessent confirmed issuance sizes for coupon and floating-rate notes will remain unchanged for several quarters, rebuffing Wall Street calls for more long-dated supply.