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To Absorb $1 Trillion of New Treasuries in 3 Months, as the Debt Ballooned to $40 Trillion, Investors Demanded Higher Yields. Bessent Blows Fuse

Bessent’s job is to sell these bonds come hell or high water, and at the lowest possible yield.

We haven't written up this one. Wolf Street has the full story — the link below goes straight to it.

Read the original at wolfstreet.com →

More in Finance & Markets

Japanese Market Sharply Higher

(RTTNews) - The Japanese market is trading sharply higher on Thursday, reversing some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight.

Kiwibank posts full-year profit of $174 million, down 9% on previous year

State-owned Kiwibank has posted a full-year profit of $174 million, down 9 percent on the $191m recorded a year earlier.

  • Kiwibank reported $174 million profit, a 9% decrease from previous year
  • Net interest margins reduced 15 basis points, impacting profitability
  • Total lending reached $38.9 billion, driven by retail and business lending

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