Bessent announces Treasury will buy more long-end bonds to lower yields
U.S. Treasury Secretary Scott Bessent said the Treasury would buy more long-end bonds to pull yields down, directing dollars into bonds and raising questions about the dollar. The announcement was discussed alongside reports that Bessent wants to lower US borrowing costs while the bond market pushes back.
Detected & updated continuously · Source: Nebula
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@crypto_banter
🚨THE BOTTOM WAS IN, THIS WAS THE BREAK! @blknoiz06 on @MarketBubble with @Banks says two catalysts hit at once. Bessent said the Treasury would buy more long-end bonds to pull yields down, dollars going into bonds, which immediately raised questions about the dollar. https://t.co/OQzaKCXToY
@Reuters
💵 Scott Bessent wants to lower US borrowing costs but the bond market has other ideas. Hear all about the battle for US interest rates on this week's Reuters Econ World podcast https://t.co/BXKkWDlZIf https://t.co/nSWSgj4zPF