Bessent's bond-buyback push draws criticism from Siegel and Yardeni
Jeremy Siegel called Treasury Secretary Scott Bessent's bond-buyback push the 'Bessent twist,' warning it risks damaging credibility, while Ed Yardeni said the Treasury may 'muck up' the Fed's bond-market signals. The commentary came as TLT, SPY and QQQ reacted to yield swings, with the 10-year yield down 6 bps and oil down 3.22%.
Detected & updated continuously · Source: Nebula
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@Benzinga
Jeremy Siegel calls Scott Bessent’s bond-buyback push the “Bessent twist,” warning it risks damaging credibility. Ed Yardeni says Treasury may “muck up” the Fed’s bond-market signals as $TLT, $SPY and $QQQ react to yield swings. https://t.co/EQLYboFXIe
@leadlagreport
Oil is down 3.22%. $TLT is up 0.88%, the 10-year yield is down 6 bps, and $SPY/$QQQ are higher. That looks like disinflation relief, not broad liquidation. The test is $HYG: if credit breaks, oil was a growth warning. https://t.co/tx1ueJS2w4