
Bessent’s Bond Market Challenge Highlights US Fiscal Tensions
Treasury Secretary Scott Bessent’s aggressive stance toward the bond market has intensified a power struggle over US fiscal policy, with markets resisting his assertions of control.
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Scott Bessent dared the $32 trillion bond market with ‘I am the house now’ statement. It didn’t listen
After helping lift the yen, Bessent is finding the much larger Treasury market harder to tame as yields push toward 5%.
By Marco Quiroz-Gutierrez
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