JPMorgan Compares Bessent's $4B Bond Buyback to Credit Card Mortgage Payment
JPMorgan has likened Bessent's $4 billion bond buyback to 'paying your mortgage with your credit card,' as the US national debt reaches $40 trillion. Rabobank also noted the buyback's resemblance to a 'whatever it takes' approach, with investor Stanley Druckenmiller reportedly disapproving.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (27/100)Sources
JPMorgan compares Bessent's $4B bond buyback to 'paying your mortgage with your credit card' as U.S. debt hits $40T
Read full article →Rabobank: Bessent's Buyback Looks A Lot Like "Whatever It Takes", And Druck Isn't A Fan
Rabobank: Bessent's Buyback Looks A Lot Like "Whatever It Takes", And Druck Isn't A Fan By Michael Every of Rabobank US Treasury Secretary Bessent took out a tactical nuke in saying he could use $1trn from the Treasury General Account to fund Special Military Operation Twist bond buybacks vs. the $2bn per round increase we saw last week. That looks a lot like the ‘Whatever It Takes’ mentioned yesterday: his former mentor Stan Druckenmiller is not a fan, apparently. He also la...
By Tyler Durden
Read full article →
