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Scott Bessent’s bid to tame US borrowing costs knocked down long-term yields for barely a day. The more lasting market signal: the dollar weakened while gold and Bitcoin rallied, reinforcing a debasement trade fueled by swelling US deficits and concerns over the direction of US economic policy.
We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.
Former JPMorgan Chase Chief Operating Officer Matt Zames will become an advisor to the Social Security Administration Monday (Aug. 24) to help modernize the agency, CNBC reported Friday (Aug.
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin…
The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin…
President Bola Tinubu has ordered the immediate suspension of three Permanent Secretaries and the arrest of a private individual after the Independent Corrupt Practices and Other Related Offences…
Hedge funds slashed short-only positions on European diesel to the lowest in over two years while stacking up fresh bullish wagers, a sign that traders anticipate that a historic fuels crunch will…
The US Dollar Index (DXY) ended the week near even with Thursday, holding near 98.80. Like Thursday, DXY traded down to the 98.50s before recovering later in the session.
