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Bond market rebuffs US treasury’s plan to buy back $6bn in government debt

Scott Bessent made announcement on Wednesday as bond yields rose to highest point since 2008 financial crisis US politics live – latest updates The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market. Scott Bessent, the treasury secretary, announced the US would buy back $6bn worth of government debt – treasuries – in an effort to alleviate a…

Bond market rebuffs US treasury’s plan to buy back $6bn in government debt

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

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U.S. Administration Eyes Venezuela’s Critical Minerals

After signing what President Donald Trump touted as “the biggest oil deal in world history” to take majority control of 65 billion barrels of proven crude oil reserves in Venezuela, the U.S.

  • U.S. Administration explores Venezuela's gold and critical minerals wealth.
  • Initial meetings with firms gauge interest in Venezuela's mining resources.
  • Challenges include limited knowledge of reserves, poor mining industry state.

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